On Friday, Americans woke up to the news that the labor market in April 2012 continued its plodding path of mediocrity. A mere 115,000 jobs were added and the unemployment rate remained above 8 percent. But one of the most troubling indicators of the economy’s poor climate is the declining labor force participation rate — that is, the number of people actively employed or seeking employment.
As this infographic shows, that rate dropped from 63.8 percent to 63.6 percent, the lowest level since December 1981.
In a new paper, Heritage’s Rea Hederman, Jr. and James Sherk explain the underlying statistics:
Adult men accounted for all of the decline as their participation rate fell from 73.3 percent to 72.9 percent, a new all-time low. The participation rate of adult women was unchanged at 59.3 percent. As a result, the unemployment rate of adult men declined from 7.6 percent to 7.5 percent, while the unemployment rate for adult women was constant at 7.5 percent.
Read more in Heritage Employment Report: Jobs Do Not Bloom in April.
Welcome to the new Socialist America….if we aren't careful and smart about who we, Americans, vote into office this will become permanent and getting out of it will require a 2nd revolution not against some British empire but our fellow Americans who are doing everything in their power to undermine our core values and traditions at the expense of the next generations. It's morally wrong on so many fronts!!
As the graph shows, the administration's policies of the past four years have been abysmal. Vote 11/6/2012!
Sanford Olnhausen
11/6/12…The Beginning…or The End.
Thanks for these infographics, which paint such an amazingly compelling–and disturbing–picture!