This Is a Recovery? Since August 2009 Average Drop in Labor Force Is 21,000 People a Month
If it wasn’t bad enough that the Obama Administration has been unable to create a climate conducive to job creation, as the table below shows, their failed policies have resulted in massive numbers of Americans giving up their job search entirely and leaving the labor force. Since the “recovery” began in the summer of 2009, the number of Americans ages 16 through 64 who are working or trying to find a job (i.e. “in the labor force”) has dropped by 780,000, or an average of over 21,000 per month. Meanwhile, the number not working or trying to find a job (i.e. “not in the labor force”) has grown by over 4 million, or an average of over 117,000 per month.
Working Age Population In Labor Force Not in Labor Force August 2009 198.028M 148.330M 49.698M August 2012 201.484M 147.550M 53.934M –Total Change +3.456M -780,000 +4.236M –Average Monthly Change
+96,000 -21,667 +117,667