8.5 Million Americans Left Labor Force In Obama's First Term Read more: http://

[briann]

http://newsbusters.org/blogs/noel-sheppard/2013/02/01/85-million-americans-left-labor-force-obamas-first-term#ixzz2Jehi6Wet

The Bureau of  Labor Statistics released jobs numbers for January Friday showing that nonfarm payroll employment increased by 157,000 and the unemployment rate rose to 7.9 percent.

Lost in these headline numbers was another rise in the number of people not in the labor force.

This number now stands at a staggering 89 million, up from 80.5 million when President Obama took office.

This means that there are currently 8.5 million more Americans not in the labor force than just four years ago.

Forget all the other numbers.

This continued explosion of people not in the labor force should be tremendously concerning as it represents an obstacle for the government to ever balance the budget without drastically raising taxes on those still working.



Read more: http://newsbusters.org/blogs/noel-sheppard/2013/02/01/85-million-americans-left-labor-force-obamas-first-term#ixzz2JfMqfg1o

[HiWarp]

Well, look at it this way. As long as the number of people leaving the labor force continues to increase, the unemployment rate will remain the same or even go down. Kind of the same game they play with inflation. Pick the desired percentage and then change the way you calculate the numbers so as to come up with the desired percentage.

[Zelhar]

The only way to balance the budget is to drastically cut spending. When you raise taxes and you don't necessary increase the revenues because taxes contract the economic activity.

[realist26]

Take a look at the stockmarket rally.  All the moronic Obama voters think things are getting better.  However, all that is happening is asset prices are going up because the Fed is printing money.  So the rich are getting richer and the Obama voters are having their purchasing power reduced....