A record 92,898,000 Americans 16 years and older did not participate in the labor force last month, according to data released by the Bureau of Labor Statistics.
The BLS defines people not in the work force as people 16 years and up who are not employed and haven’t “made specific efforts to find employment sometime during the 4-week period ending with the reference week.” The labor force participation rate — or the “The labor force as a percent of the civilian non-institutional population” — also dipped back down to 62.7 percent, from 62.9 percent in November. That same per percent in 1999 was 67%. That would put the current unemployment rate well above 10%.
September also saw a labor force participation rate of 62.7 percent, however prior to then, the last time the rate hit 62.7 percent was in February of 1978.
“Today’s solid employment report caps off a strong year for the U.S. labor market, which achieved a number of important milestones in 2014,” Jason Furman, Chairman of the Council of Economic Advisers, said in his misleading statement. “Total job growth last year was the strongest since 1999, while the unemployment rate fell at the fastest pace in three decades.”
What the Marxist regime does not want us to know is that they are achieving their goal of having more people dependent on the government then on private enterprise. As long as the employment participation rate continues to drop and the number of people receiving subsistence assistance of any kind from the government continues to increase, both in numbers and as a per cent, Obama and the other Marxists are happy. Remember the goal as set forth by Karl Marx and proclaimed by Obama and his henchmen is “from each according to his ability to each according to his need.” People are not to receive according to production but according to need. All subsistence is to come directly from the government.
Obama is a liar. His representatives are liars. Liars will use information to mislead. These headline numbers are totally misleading. The press will put out the headlines as truth and the American people will accept these as truth. The regime will continue in its purpose of destroying the American culture that heralded truth, honor, independence, individuality, and self-reliance.