Well the new economic numbers are coming out and the results are stunning in many different areas. For example, According to Breitbart News, The number of Americans not working exceeded 94 million for the second time in a row last month hitting a new record high, according to new government data released Friday morning. According to the report, The Bureau of Labor Statistics reports that a record 94,610,000 people (ages 16 and over) were not in the labor force in September. In other words they were neither employed nor had made specific efforts to find work in the prior four weeks. Also in this report, More than 56 million women were not of the U.S. labor force last month, according to new government data released Friday.
The Bureau of Labor Statistics reports that 56,647,000 women, ages 16 and older during the month of September were neither employed nor had made specific efforts to find work in the past four weeks. The number of women not participating in the workforce was up 394,000 from August, when 56,253,000 women were out of the workforce. I’m sure President Obama and the talking heads will try to prime us up and try to convince us that there is Gold at the end of the rainbow and noting to worry about! However let’s continue!
According to the Washington Examiner, the monthly Bureau of Labor Statistics numbers just released, “foreign-born” jobs numbers increased by 14,000, while those for “native-born” Americans fell off a cliff, by 262,000. We reported yesterday how Toys ‘R’ Us is taking advantage of the H-1B visa system to bring in foreign workers so they can be trained by the very American employees they will replace. The company will then use those newly trained staffers to ship the jobs to overseas markets. These new statistics show us that the labor force participation rate reached its lowest point in 38 years, with 62.4 percent of the U.S. population either holding a job or actively seeking one. In other disappointing news, the economy added only 142,000 jobs in September, well below economists’ expectations, but the unemployment rate remained at 5.1 percent, where it was in August.