So how's that recovery go'in - eh?
What a crock of a country you are. Your decade-long invasion and
destruction of Iraq and occupation of Afghanistan has left your economy
in ruins - at least for 80% of you.
Instead of retiring, you now have to hang on to your jobs to pay the
deductibles for your obama-care, depriving your kids of jobs and
wrecking their prospects of moving out of your basements and forming
their own households.
Labor Force Participation Rate for 25-29 Year Olds Hits Record Low
May 6, 2014
(CNSNews.com) -- The labor force participation rate in April 2014 for
americans ages 25 to 29 hit the lowest level recorded since 1982, when
the Bureau of Labor Statistics (BLS) started tracking such data.
The labor force participation rate, which is the percentage of the
civilian non-institutional population who participated in the labor
force by either having a job during the month or actively seeking one,
hit a record low in April 2014 of 79.8%.
In January 1982, when the data were first collected, the labor force
participation rate for this group was 80.7%.
The actual number of americans ages 25 to 29 not participating in the
labor force hit a record high in April 2014 as well, with 4,280,000 not
Those classified as not in the labor force means that they are included
in the civilian non-institutional population but did not have a job, and
they did not actively seek one in the last four weeks.
When the BLS started tracking these data in January 1982, there were
3,851,000 americans ages 25 to 29 who were not in the labor force.
By April 2014, another 429,000 were not participating in the labor
force, an increase of 11%.
When Barack Obama took office as president in January 2009, the number
of americans 25 to 29 not in the labor force was 3,769,000. Since then,
that number has gone up by 511,000, an increase of 13.6%.