Labor Force Participation Rate for 25-29 Year-Old americans Hits Record Low

[HomeGuy]

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 working.

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%.

[bob haller]

thats likely caused by the wind down of 2 wars.

fewer body bags, fewer arms, fewer everything for the military. and I am not joking a family members works for a military contractor, is contracting a lot...

he expects to get laid off at any moment

[trader_4]

Since you've bought into the village idiot's BS of connecting wars to high unemployment, you should have some good statistical proof that they are in any way related. The fact that you dragged body bags into it suggests you're off in space. A few thousand body bags over 13 years has a measurable effect on a $17 tril economy? Good grief. Military spending is still near an all time high. For a period when there was a real significant decline, look to the 90s, when the Cold War had ended. If there was a shred of credibility to your argument, then the 90s should have been a period of high unemployment and a screwed economy. In fact, from the early 80's through the 90's we had one of the strongest economic performances in history.

If you want the real source of poor economic performance, you need look no further than Obama's failed economic policies. His $800bil stimulus centered on govt spending didn't produce much. He raised income taxes that hit small business owners, where most new jobs are created. He's constantly railing about how unfair America is, how the deck is stacked against you unless you're rich, so why would anyone want to go out, get a job? Instead we have the govt running ads encouraging people to apply for food stamps. Is it any surprise we have record numbers of people on food stamps and welfare? And finally, we have corporations that have $2tril in profits parked overseas because the USA has one of the highest corp tax rates in the world. We need to lower the corp rate while at the same time getting rid of the crazy loopholes. Republicans have been in favor of that for years, Dems only want to close the loopholes. And a special even lower tax holiday for corps that bring money back from overseas in say the next 18 months and put it to work here would be a great idea to. But you see none of that from Obama. He has no economic plan, so all he does is bitch and divide.