This unfortunate number is a new record. These statistics are according to the Bureau of Labor. In November there was an increase of 446,000 Americans. These are people who are age-eligible to work, but are neither working, nor actively seeking employment.
When Dems say there is a “strong economy” or “record job growth,” it just means they are cherry-picking their data. Obama and the Democrats will not take responsibility for this. Thank goodness their time is almost up.
The number of eligible Americans not participating in the labor force grew to more than 95 million in November, according to statistics released by the Bureau of Labor.
The labor force participation rate also declined last month from 62.8 percent to 62.7 percent. It is calculated as working eligible Americans who are either working, or actively seeking employment. In addition, the labor force rate under President Barack Obama is down 3.5 to nearly four percentage points when compared to the latter years of former President George W. Bush’s presidency.
The unemployment rate for all Americans declined from 4.9 percent in October to 4.6 percent in November. This measure does not account for those individuals who have dropped out of the labor force and simply measures the percent of those who did not have a job but actively sought one over the month.
While the unemployment rate declined this month, the number of Americans joining the labor force declined by 226,000 individuals.
The “real” unemployment rate, otherwise known as the U-6 measure, was 9.3 percent in November, which declined from 9.5 percent in the previous month.