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Real Work Force – 12/31/13

30 Jan

Graph - General - Decreasing - 01

The FedGov released its unemployment propaganda for December 2013 showing a massive 0.3% drop in the unemployment rate to 6.7% with measly 74,000 jobs created.

The Liberal Cheerleaders at ThinkProgress could only muster a matter-of-fact tone:

Retail added 55,000 jobs in December and food service and drinking places added 9,000 jobs, while professional and business services added 19,000 jobs. Government employment fell by 13,000

Heritage finds a trend:

This continues a long-term trend over the year of unemployment falling because of fewer Americans looking for work. The employment-to-population ratio has not improved over the past year despite a 1.2 percentage point drop in the unemployment rate. Long-term unemployment also persists at historically high rates despite the large decline in the number of unemployed. Almost two-fifths of the unemployed—3.9 million workers—have been out of work for over six months. The proportion of jobless in long-term unemployment has barely improved over the course of the recovery. Most of December’s drop in unemployment came from those out of work for less than six months.

FedGov calculations still don’t really show the true picture of employment in America.  They don’t answer this question:

Ignoring all demographics, who is in the wagon versus who is pulling the wagon?

How many people are working as a percent of all the people in the United States?  Here’s the trend…

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RWF - 20131231 - Real Work Force - 01.

Down she goes to the lowest Real Work Force of the Century.

At the end of Clinton’s administration, over 50% of the population in America were in the labor force!  That number stayed mostly the same and then increased through through the early parts of 2007.  That percentage has decreased since the beginning of 2007 and is now down by fully 2%.  You’re welcome to comment below as to what happened in early 2007 to turn the trend around.

In today’s numbers, that’s a reduction of almost 6,000,000 jobs.

Below is the percentage of change from month-to-month

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RWF - 20131231 - Real Work Force (Percent Change) - 01.

Labor Force Data from bls.gov:

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RWF - 20131231 - Labor Force - 01

Population Estimate from census.gov

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RWF - 20131231 - Population Estimate - 01

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Things won’t get better in this country until millions more people are pulling the wagon!

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Posted by on January 30, 2014 in Economy, Unemployment

 

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