March 11, 2014

“Labor Force Participation Hits Record Low for Americans in Their 20s”

How’s that hopey-changey think workin’ out for ya’?

The labor force participation rate in 2013 for Americans in their twenties hit the lowest level recorded since 1981, when the Bureau of Labor Statistics started releasing employment data on people in the full age bracket of 20 through 29.

The labor force participation rate for people ages 20 through 24—which BLS has been tracking since 1948—hit a 42-year low in 2013.

Since 2008, the last year before President Barack Obama took office, the number of Americans in their twenties who were not in the labor force during the average month has climbed from 8,756,000 to 10,511,000—an increase of 1,755,000 or 20 percent.

The 10,511,000 Americans age 20 through 29 who were not in the labor force in 2013 is the highest ever recorded by BLS.

Well.  Historic!

Posted by Jeff G. @ 4:45pm
3 comments | Trackback

Comments (3)

  1. There’s nothing good coming for the for seeable future, for average middle-class Americans seeking jobs. As for the Occupy-class? they are quickly being replaced by (cleaner and more polite) robots.

    Despite what the politicians and the mainstream media are telling you, the truth is that something is fundamentally wrong with our economy.

    On a gut level, most people realize this.

    According to one recent survey, only 35 percent of all Americans say that they are better off financially than they were a year ago. And according to a recent NBC News/Wall Street Journal poll, only 28 percent of all Americans believe that this country is moving in the right direction.

    The frightening thing is that this is about as good as things are going to get. The next great wave of the economic collapse is approaching, and when it strikes the plight of the middle class is going to get a whole lot worse.

    http://www.zerohedge.com/news/2014-03-10/20-mind-blowing-facts-us-retail-apocalypse

  2. I saw on the news that McDonald’s is doing a “build your own burger” trial. Obviously, McDonald’s is touting this as a “have it your way” type of deal.

    The reality: why pay someone to garnish the burger when we can get the customer to do it themselves? Bring on the burger bots and then all you have are people running the register, drive through and keeping the burger garnish bar clean and stocked.

    to all you twenty something year olds: suckers, you allowed SEIU to push for that stupid fast food strike.

  3. You’re all jealous is what. Because you didn’t have Barak Obama and Nancy Pelosi looking out for you, making sure you had a phone and health care and that you weren’t food insecure, so you never got the chance to spend your twenties finding yourself ’cause you all were too busy acting like semi-responsible adults.

    Suckers!

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