Seven Devastating Economic Facts
Here’s a fact. There are jobs out there. Open your local paper and you will see tons of them. Go talk to someone trying to hire and you’ll hear about how people don’t want to work. Sad.
Check it out:
U.S. economic conditions in 2014 continue to languish, as millions of Americans remain jobless. Seven economic facts underscore America’s increasingly dire economic outlook.
1. A Record 91.8 Million Americans Are No Longer in the Workforce
The latest Labor Department figures reveal that a record 91.8 million Americans are no longer in the U.S. labor force. To be included in the Labor Department’s calculations for this statistic, a person must be 16 years or older, a civilian, not in an institution (such as prison), and someone who has not looked for a job in the last four weeks.
Minorities have been hit especially hard. As Dean Baker of the Center for Economic and Policy Research noted to PBS, last month’s jobs report also saw “the lowest rate of labor force participation among African-American men since we have kept that count. So that was really striking.”
According to the U.S. Census, 317 million people live in the United States.
2. Since Jan. 2009, the Number of Jobless Working-Age Americans Has Risen 9.6 Million People