During the Biden Administration, the Employee Participation Rate was a hot topic for the biased right-wing media and the former MAGA contributors right here in the Sink. (Remember when the Sink had daily postings from our MAGA members?) The Trump Administration has achieved the lowest level in 50 years!
Job seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of Covid era | CNBC
"That’s because the decline in the jobless level to 4.2%, the lowest in a year, came largely from an exodus of workers from the labor force, according to the Bureau of Labor Statistics data Thursday."
"In fact, the measure of the working-age population either employed or looking for a job slid to 61.5%, the lowest since March 2021. Excluding the Covid-era jobs market, it was the lowest labor force participation rate in exactly 50 years."
"“What really affects me is not so much the unemployment rate,” said Dan North, senior economist for North America at Allianz. “What’s an important development is the participation rate, and this is a big leg down in one month, and over the past year it’s a pretty big leg down. I think this is a more important number.”"
From August of 2022:
"
United States employee participation rate
1:01pm
Some on this site argue that Biden has added 800,000 new jobs the past two month. After all, that is what Sleepy tells us. Yet the truth is that we have hundreds of thousands of few employed people than we did two months ago. Whatever you do, NEVER trust a Lyin' Liberal. Here's the truth that Sleepy and friends never will tell. Kevin is certain to call this US government data not worth viewing.
https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm
Visit the link that Boiler provided, and you can see the graphic display of the Trump participation rate collapse.
tom also chimed in with his points:
"
2:56pm
Uh oh. We'd better come up with some completely new term. OK, how about "labor participation rate"
The so called economics expert shows his ignorance again. It is an old Labor Dept stat & has been declining since he became president
The labor force participation rate is an estimate of an economy’s active workforce. The formula is the number of people ages 16 and older who are employed or actively seeking employment, divided by the total non-institutionalized, civilian working-age population.
Do you fellows have the same concerns about this as you did during the Biden Administration?
Thoughts on Trumpflation?
The Lyin' Liberals stayed in the Sink to share their thoughts with you during the Biden Administration, O Brother, Where Art Thou cowardly MAGA?
