Friday, May 16, 2014

It’s Over: Total US population 318 million – Total Working Age Unemployed: 102 million.

As of May 13, 2014, the United States has a total population of 317.8 million,[1] making it the third-most populous country in the world.[2]It is very urbanized, with 82% residing in cities and suburbs as of 2011 (the worldwide urban rate is 52%).[3] California and Texas are the most populous states,[4] as the mean center of U.S. population has consistently shifted westward and southward.[5] New York City is themost populous city in the United States.[6]
Nearly 102 million working-age Americans jobless
Although the US unemployment rate has declined, more and more Americans are choosing to opt out of the labor market altogether and no longer even figure in the employment data.
Efforts by the Obama administration to dress up the employment picture are a bit like attempting to stuff a circus elephant into a ballerina costume. As Washington trumpets last month’s drop in the unemployment rate (6.3 percent), it has quietly moved more than 988,000 Americans into the “not participating in the labor force” column.
If you add the current number of Americans without a job (9.75 million) to the number of US citizens not in the labor force (92.02), you come up with 101.77 million working age Americans who do not have work, according to data from the US Bureau of Labor Statistics (BLS).
Now compare that figure to April 2000, when 5.48 million Americans were unemployed and 69.27 million Americans were not participating in the labor market. The number of Americans 14 years ago without work was 74.75 million. That means that the number of working age Americans without a job has risen by 27 million since the year 2000. However Washington wishes to fudge data that is bad news for the Obama administration.

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