Right Now There Are 102.6 Million Working Age Americans That Do Not Have A Job

Unemployed Man - Public Domain

The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation. For the month of September, the federal government told us that 142,000 jobs were added to the economy. If that was actually true, that would barely be enough to keep up with population growth. Sadly, the truth is that the real numbers were actually far worse than that. The unadjusted numbers show that the U.S. economy actually lost 248,000 jobs in September and the government added more than a million Americans to the “not in the labor force” category. When I first saw that number I truly believed that it was inaccurate. But you can find the raw figures right here. According to the Obama administration, there are currently 7.9 million Americans that are “officially unemployed” and another 94.7 million working age Americans that are “not in the labor force”. That gives us a grand total of 102.6 million working age Americans that do not have a job right now.

That is not an economic recovery – that is an economic depression of an almost unbelievable magnitude.

This is something that my friend Mac Slavo pointed out the other day. I encourage you to read his analysis right here. If we measured unemployment the way that we did decades ago, we would all be talking about how similar Obama’s economy is to the Great Depression of the 1930s.

But instead we let the feds get away with feeding us this completely fraudulent “5.1 percent” unemployment number and most of us believe the mainstream media when they tell us that everything is just fine.

Well no, everything is not just fine. At this point, the labor force participation rate is the lowest that it has been since 1977. And the labor force participation rate for men is at the lowest level ever recorded. The only way that the federal government has been able to get the official unemployment rate to go down so much is by pretending that hundreds of thousands of Americans that have been unemployed for a very long time “leave the labor force” each month.

The chart posted below shows how our labor force participation rate has deteriorated since the year 2000. And in particular, the decline since Obama first entered the White House has been very striking. Does this look like a “healthy economy” to you?…

Labor Force Participation Rate October 2015

To me, the civilian employment-population ratio is a far more accurate measurement of the employment picture in America than the official unemployment rate is. Just prior to the last recession, approximately 63 percent of all working age Americans had a job. During that recession, that figure slipped below 59 percent and it stayed there for several years. Just recently it slipped back above 59 percent, but as you can see we are now falling once again…

Employment Population Ratio October 2015

The reason this number is falling is because lots of Americans have been losing jobs lately.

In fact, we are seeing layoffs at major firms at a level that we have not witnessed since 2009

The jobs report today has been described as “ugly,” though it certainly didn’t, or shouldn’t have, come out of the blue: Layoffs in the energy, Big Tech, retail, and other sectors have recently mucked up our rosy scenario.

“The third quarter ended with a surge in job cuts,” is how Challenger Gray, which tracks these things, started out its report yesterday. In September, large US-based companies had announced 58,877 layoffs. In the third quarter, they announced 205,759 layoffs, the worst quarter since the 240,233 in the third quarter of 2009!

Year-to-date, we’re at nearly half a million job cut announcements (493,431 to be precise), up 36% from the same period last year.

Some of the companies that have recently announced layoffs include Wal-Mart, RadioShack, Delta, Sprint, ConAgra, Caterpillar, Bank of America, Halliburton, Qualcomm, Microsoft and Hewlett-Packard.

If you need to find a job or you plan to switch jobs in the near future, time is of the essence. Jobs are going to become much, much harder to find in the months ahead, and so every single day of job searching is absolutely critical at this point.

Right now, there are more than 100 million Americans that get some sort of assistance from the federal government every month. Government dependence is at a level that we have never seen before in U.S. history, and it is going to get a lot worse.

If we get to a point where the government is either unwilling or unable to take care of all of these people, we are going to have a massive societal problem on our hands. More than a third of the people living in our nation cannot independently take care of themselves, and more Americans are falling out of the middle class every single day. When the welfare state starts breaking down, the chaos that will ensue will be far worse than most people would dare to imagine.

So what do you think?

Are job losses and layoffs starting to happen in your area?

Please feel free to add to the discussion by posting a comment below…

(Originally published on The Economic Collapse Blog)

1 thought on “Right Now There Are 102.6 Million Working Age Americans That Do Not Have A Job”

  1. Can you imagine this unemployed person drafted!
    Well, it is likely if we continue down the path to war we are on right now.
    I have to ask why we consider people with shady backgrounds for public office?
    How in the world did we get to the point where Obama is not only President of this country but has a history that could be devasting if revealed. Such as a change of name. Such as a Social Security Number not his. Such as dual citizenship. All of which appear to be non-issues in D.C. and in our court system.
    Or how about the number two candidate on the Republican side formerly from HP? Has anyone considered what revealing her complete background might entail in an election runoff between her and whatever democrats emerge? Just exactly what did she do at HP that has everyone there against her?
    I seem to remember the last election rather well in which Republicans voted a candidate. One that made his fortune laying off people.
    Or about McCain and his war record on the first go around with Obama.

    My problem with both parties is they seem to have a lack of people with CLEAN backgrounds. But how can you be clean and work with the people in D.C. for any length of time?

    Yet here he sits. One of many unemployed, possibly unemployable people.
    In another article we are looking at yet again another trade treaty signing us down the river forever.
    That means no matter who gets the job of President they are stuck by this President’s actions.
    And yes, that is why this young person is not employed. Or has much hope of being employed in the near future.
    If I were young today what would I do for a living?
    The Jews have the answer. They invest in training for their youth. They teach them skills that will make them a living anywhere in the world.
    Last time I checked, that is what it takes to succeed no matter what the world throws at you.
    Whether it is repairing a sophisticated automobile, doing the plumbing around a house, repairing the electrical, repairing the drywall, putting on a roof when needed, all of this takes basic skills.
    Every person out there needs an education in sales. It is through salesmanship and negotiation that we succeed often in life.

    The biggest mistake of my life has to be maintaining an automobile in a manner that I did not have to buy a new one every five years.

    The first thing I would change in this young man? I would make him read a good book on business appearance. The now ancient Dress for Success comes to mind. Presenting yourself as a commodity is important.
    Teaching a person how to talk would be second.
    In my time, the printing trade gave us a very good living.
    Now it is split up into many trades including computer skills, proofreading, advertising, graphic arts, etc.
    My children all became network engineers. It pays good with the right contacts.
    If there were a criticism, mine would be we concentrate on college education to the expense of 10 years of a person’s life or more. It takes more than that time to pay off college loans.

    Not everyone has to be an officer, a boss, or any kind of executive. So why train the entire population to be chiefs instead of indians?
    I served a six year apprenticeship learning my trade and knowing how to do every single part of the trade so no matter where they put me I had a job waiting for me. At the end of that time I did not owe anyone a dime for my education.
    Yet I pulled down good money for forty years at my trade.
    Last year the place where I worked farmed most of the trade work out to India. It was a costly and stupid decision. I know because I know the business from the inside out. I learned it from the bottom up not in some fancy college.
    The instant result was a complete lack of service. What was done in minutes now took hours to correct.
    The people at the top are accountants. All they see is the savings on payroll. What they do not see is the hidden costs of doing business in this manner. When an average mistake costs 6,000 dollars you better know what you are doing. And that was what one mistake could cost when I was in basic everyday charge of production of a majors department in a newspaper. I was not an executive or a boss by any means. My job was to keep things running right at the base level.
    These same rats with degrees in accounting and business management do not see the mistake they are making. And they run many a business into bankruptcy by the things that business colleges teach them. Then they move on.

    They do not account for the cost in human lives that their decisions often mistakenly make.
    Every action has an equally and opposite reaction. That is almost never considered by these jerks.
    The cost of doing business that way is basically why this person is unemployed.

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