Obama’s economy set another record in June. over 92 million Americans not only did not have a job, but did not actively seek one in the last four weeks. The total jumped 111,000 in June. While the media will try and spin the jobs report, you wouldn’t hear a peep about Obama’s latest record setter on the economy. Welcome to Obama’s AmeriKa. The labor force participation rate for Americans was 62.8 percent, a 36-year low.
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| Record 92,120,000 not working in Obama’s economy for June 2014 |
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The number of Americans 16 and older who did not participate in the labor force climbed to a record high of 92,120,000 in June, according to data from the Bureau of Labor Statistics (BLS).
This means that there were 92,120,000 Americans 16 and older who not only did not have a job, but did not actively seek one in the last four weeks.
That is up 111,000 from the 92,009,000 Americans who were not participating in the labor force in April.
In June, according to BLS, the labor force participation rate for Americans was 62.8 percent, matching a 36-year low. The participation rate is the percentage of the population that either has a job or actively sought one in the last four weeks.