Relevant:
- There Will Never Be Enough Jobs In America Again
- April jobs: Unemployment rate falls to the lowest since 1969, But not-in-workforce surge to fresh high
- People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels
- Households On Foodstamps Rise To New Record
- 8,753,935: Workers on Disability Set Another Record in July; Exceed Population of 39 States
2012-07-07 — investors.com
More workers joined the federal government's disability program in June than got new jobs, according to two new government reports... The disability ranks have outpaced job growth throughout President Obama's recovery...
As a result, the "labor force participation rate" -- the number of people who have jobs or are actively looking for one compared with the entire working-age population -- is now 63.8%, down from 65.7% in June 2009. This participation rate is at the lowest levels in 30 years. In previous recoveries, the participation rate has almost always risen, not fallen.
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