I’ve had the opportunity to meet many struggling American workers who have been hit hard because of the employer penalties embraced in Obamacare. Met Judy, a 50ish single mother who works a full time nightshift at a Walmart Super Center and then arrives at her 9:00 A.M. job as a telemarketer. Judy has an opportunity to take a quick 15 minute nap during her break and then works until 2:00 P.M. She revealed to me that she probably gets about 3 hours of sleep before returning to her nightshift job. This is Judy’s routine week after week and she revealed to me that she’s still struggling to support her family. Next we have Donna, who moonlights part-time as a waitress in a local restaurant/ bar living on her meager tips as she juggles this with her part time day job at a call center, earning less than $10.00 an hour. This is the new part time work force now classified as full time. This is the new Obama-America; this is the new ‘fundamental change’ our POTUS promised us. How’s that ‘CHANGE’ affecting you?
Record 93,770,000 Americans Not In the Workforce: Participation Rate Matches 38 Year Low
By Susan Jones | August 7, 2015 | 9:11 AM EDT
(CNSNews.com) – A record 93,770,000 Americans were not in the American labor force last month, and the labor force participation rate remained at 62.6 percent, exactly where it was in June — a 38-year low, the Labor Department reported on Friday.
In 1975, when the Bureau of Labor Statistics began keeping such records, 58,627,000 Americans were not in the labor force, and the number has grown steadily since then, breaking the 80-million mark at the end of George W. Bush’s presidency; and the 90-million mark in July 2013, during Barack Obama’s second term. The number of Americans not in the labor force has continued to rise since then.
According to the Congressional Budget Office’s 2015 long-term outlook, the number of working Americans is expected to increase more slowly in coming decades, as more workers exit the labor force, many of them retiring baby-boomers; and fewer workers enter it — given declining birth rates and a levelling-off of women in the labor force.
In July, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 250,876,000. Of those, 157,106,000 participated in the labor force by either holding a job or actively seeking one.
The 157,106,000 who participated in the labor force equaled only 62.6 percent of the 250,876,000 civilian noninstitutional population — the same as it was in June. Not since October 1977, when the participation rate dropped to 62.4, has the percentage been this low.