Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May
By Susan Jones | June 3, 2016
The labor force participation rate has deteriorated over Obama's two terms. A record 94,708,000 Americans were not in the labor force in May -- 664,000 more than in April -- and the labor force participation rate dropped .... to 62.6 percent, near its 38-year low, the Labor Department's Bureau of Labor Statistics reported on Friday.
This from News and Views - June 2016
Alan Greenspan, in a recent interview with Fox Business News, said, “Our problem is not recession which is a short-term economic problem. I think .... there is a very large migration from being a worker into being a recipient of social benefits, as it is called. And this is legally mandated in all of our countries.” The western world, he concludes, is headed to "a state of disaster."