Sunday, September 22, 2019

US Labor Force Participation Rising


US Total Labor Force Participation Rate for 2019 is listed below by month.

August 2019     63.2%
July 2019          63.0%
June 2019         62.9%
May 2019          62.8%
April 2019          62.8%
March 2019       63.0%
February 2019  63.2%
January 2019    63.2%

In January 2017 the rate was 62.9%. In April 2000, the rate topped out at 67.3%

71.7% of men over age 20 are in the labor force.
59.0% of women over age 20 are in the labor force.
35.5% of teenagers age 16 to 19 are in the labor force.

There are approximately 37% of working-age US citizens between ages 16 and 65, who are not in the work force.

Moving the labor force participation rate beyond 63.2% will require continued addition of middle class jobs. The crackdown on illegal immigration should lower US welfare costs and free up minimum wage jobs for teenagers.


Comments

Our immediate goal is to restore the US Labor Force Participation Rate to 67.3% to recover from downward slide that started in April 2000.

Excessive welfare immigration, open borders, refusal to extract oil and offshoring manufacturing since 1989 are the root causes of this decline in the participation rate from 67.3% to our current 63.2%. We actually need 9 million more manufacturing jobs restored to rural cities to fully recover.

The answer to getting global-minded companies to move manufacturing back to the US is Import Tariffs on foreign manufactured goods sold to US consumers. To get these Tariffs removed, foreign companies would simply need to move their manufacturing plants to the US.

Norb Leahy, Dunwoody GA Tea Party Leader

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