The Real State Of The Union

Let’s look at the Labor Force Participation (LFP) Rate, which shows the percentage of the working-age population currently working, based on U.S. Bureau of Labor Statistics data…

In Jan. 2000, the LFP Rate was 67.3%
In Jan. 2018, the LFP Rate was 62.7%

So the Labor Force Participation Rate declined 4.6%, yet the unemployment rate stayed the same… hmm…

It gets much worse when you consider that roughly 12 million well-paying full-time jobs have been eliminated and replaced with either part-time or below “living wage” full-time jobs that do not provide healthcare benefits.

Also consider this…

In 2000, there were 168 million more people than full-time jobs (282 million population, 114 million full-time jobs).

In 2018, there are 201 million more people than full-time jobs (327 million population, 126 million full-time jobs).

To be fair & balanced…

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