90 Million Americans 'NOT IN THE LABOR FORCE' .GOV Removes 663,000 in 31 days

[HOLLYWOOD]

ZEROHEDGE: http://www.zerohedge.com/news/2013-04-05/people-not-labor-force-soar-663000-90-million-labor-force-participation-rate-1979-le

Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks (http://www.zerohedge.com/news/2012-11-27/when-work-punished-tragedy-americas-welfare-state), than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979 (Jimmy Carter's recession)! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."

People not in labor force:
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/03/Labor%20Force_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/03/Labor%20Force.jpg)
Labor participation rate:
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/03/Labor%20Force%20Rate_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/03/Labor%20Force%20Rate.jpg)
Average: 4.8125

St. Louis Federal Reserve report: 1.1 Million removed from the labor force in the past 5 months

http://research.stlouisfed.org/fred2/series/LNS15000000

Home (http://research.stlouisfed.org/) > FRED® Economic Data (http://research.stlouisfed.org/fred2/) > Categories (http://research.stlouisfed.org/fred2/categories) > Population, Employment, & Labor Markets (http://research.stlouisfed.org/fred2/categories/10) > Current Population Survey (Household Survey) (http://research.stlouisfed.org/fred2/categories/12)
Not in Labor Force (LNS15000000) Thousands of Persons Last 5 Observations

2013-03: 89,967
2013-02: 89,304
2013-01: 89,008
2012-12: 88,839
2012-11: 88,855

Monthly, Seasonally Adjusted, Updated: 2013-04-05 8:02 AM CDT
http://research.stlouisfed.org/fred2/data/LNS15000000_Max_630_378.png (http://research.stlouisfed.org/fred2/graph/?s[1][id]=LNS15000000)
Edit Graph (http://research.stlouisfed.org/fred2/graph/?id=LNS15000000) Print (http://research.stlouisfed.org/fred2/graph/?id=LNS15000000&printgraph&load_default_graph) PDF (http://research.stlouisfed.org/fred2/graph/fredgraph.pdf?id=LNS15000000) Save (http://research.stlouisfed.org/useraccount/fredgraph/?action=add_graph&id=LNS15000000)

[DamianTV]

We have to work hard and keep at it to continuously expose the lie that the economy is having any form of recovery what so fucking ever. And as far as I am concerned what happens on Wall St is the exact opposite of what happens on Main Street, since so many times, they do everything at our expense.

[MRK]

I've started to like reading Zero Hedge. It makes me feel smarter than I am.

[RickyJ]

Baby boomers are starting to retire and/or die now, it will keep going down even with a recovery.

[CPUd]

http://i.imgur.com/ZVAhQNY.jpg

http://danielamerman.com/articles/2012/WorkC.html

[HOLLYWOOD]

8,853,614: Americans on Disability Hits Another Record; Exceeds 3x Population of Chicago
By Admin (http://spreadlibertynews.com/author/spre1648/) on April 5, 2013
http://spreadlibertynews.com/8853614-americans-on-disability-hits-another-record-exceeds-3x-population-of-chicago/

http://spreadlibertynews.com/wp-content/uploads/2013/04/obama-300x320.jpg
by Terence Jeffrey (http://cnsnews.com/news/article/8853614-americans-disability-hits-another-record-exceeds-3x-population-chicago)

The number of American workers collecting federal disability payments climbed to yet another record of 8,853,614 in March, up from 8,840,427 in February, according to newly released data (http://www.socialsecurity.gov/OACT/ProgData/icp.html) from the Social Security Administration.
That means there are more than 3 times as many Americans taking disability payments as there are people living in the city of Chicago, which according to the Census Bureau (http://quickfacts.census.gov/qfd/states/17/1714000.html) has a population of 2,707,120.

March was the 194th straight month that the number of American workers collecting federal disability payments increased. The last time the number of Americans collecting disability decreased was in January 1997. That month the number of workers taking disability dropped by 249 people—from 4,385,623 in December 1996 to 4,385,374 in January 1997.

As the overall number of Americans collecting disability has increased, the ratio of full-time workers to disability beneficiaries has decreased.
In December 1968, 1,295,428 Americans collected disability and, according to the Bureau of Labor Statistics (http://www.bls.gov/webapps/legacy/cpsatab9.htm), 65,630,000 worked full-time. Thus, there were about 51 Americans working full-time for each person collecting disability at that time. In January 1997, the last time the number of disability beneficiaries declined, 4,385,374 Americans collected disability and 104,900,000 worked full-time. Thus, there were then about 24 Americans working full-time for each person collecting disability.

In March 2013, with a record 8,853,614 Americans collecting disability and 115,841,000 working fulltime, there were only 13 Americans working full-time for each person collecting disability.

[NoOneButPaul]

At 85billion per month of newly created currency that's what... 1 job per 1million dollars in tax payer money?

Yeah... that sounds like a deal!

[DamianTV]

At 85billion per month of newly created currency that's what... 1 job per 1million dollars in tax payer money?

Yeah... that sounds like a deal!

Did you read the fine print?

Let me explain the "deal" for most people. Wall St. gets the money. Then they loan it to you using a Fractional Reserve Banking System, to you, at INTEREST.

In essence, the more they give to Wall St, the more Wall St. uses it to fuck you in your finanancially sore rectum, if it hasnt already killed-um. (rectum, killed em, ah nevermind, I thought it was funny...)