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Newsbusters | 8.5 Million Americans Left Labor Force In Obama’s First Term





The Bureau of  Labor Statistics released jobs numbers for January Friday  showing that nonfarm payroll  employment increased by 157,000 and the unemployment rate rose to 7.9  percent.

Lost in these headline numbers was another rise in the number of people not  in the labor force.

This number now stands at a staggering 89 million, up from 80.5 million when  President Obama took office.

This means that there are currently 8.5 million more Americans not in the  labor force than just four years ago.

Forget all the other numbers.

This continued explosion of people not in the labor force should be  tremendously concerning as it represents an obstacle for the government to ever  balance the budget without drastically raising taxes on those still working.

More.



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