The labor participation rate counts the number of working-age
US citizens, age 16 to age 65, who are currently in the workforce. It has also
been quoted as age 16 and above.
The current non-participation rate of 37% should include
those who are totally disabled who cannot work, plus spouses who live in
households with high incomes and do not need to work, plus students who do not
have jobs.
The US Labor Force Participation rate was 67.3% in 2000 and
dropped to 62.6 % by 2015
The Current number of working persons in the US is reported
to be 153.861 million.
It continued to be close to 62.6% in 2016 and is
approaching 63 % in 2017. There were 104 million working-age US citizens not in
the workforce in 2016 based on non-participation at 37%.
The Fed reported 205,624,000 working age individuals in the
US in 2017. 37% of 205,624,000 is 76 million. But that looks low.
The total
U.S. population age 16 and over is at least 243 million. Subtracting the nearly 156 million Americans in the labor force in June 2013 -- that
is, those who were either working or looking for work -- leaves 87 million Americans, which is
close to 90 million.-Jul 30, 2013
The population numbers on the websites noted above don’t
confirm the numbers of working-age US citizens who don’t have jobs reported as
being 100 million. It looks like the data is inconsistent. Some reports may not
distinguish between total workforce including illegals, refugees and other
non-citizen immigrants vs US citizens.
But if we can only create 200,000 jobs a month adding up to
2,400,000 jobs a year and all of these go to US citizens, half of these jobs
might go to reduce the working-age US citizens who are not working and the
other half would go to the 1.9 million new grads we have each year. Since 2008,
all of the US jobs went to immigrants who also receive welfare.
Trump is aiming for an additional 10 million jobs to boost
the economy with manufacturing and other higher paying jobs. This would raise
GDP beyond 3% and increase federal revenue to lower the need to sell more
treasury bills and decrease federal government debt.
Norb Leahy, Dunwoody GA Tea Party Leader
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