SEPTEMBER 11, 2013
More than half a million leave labor force in our sick economy
FAIRFAX, Va.—Americans for Limited Government President Nathan Mehrens issued the following statement in response to the latest job numbers:
"More than half a million more Americans are not in the labor force in August than in July. The labor participation rate has dipped to levels last seen when Jimmy Carter was president in 1978. No matter the happy talk about a lower unemployment rate, Americans are continuing to lose the expectation that they will find a full-time career. Now, on top of this abandonment of the workforce by many potential employees, job creators are staring of down the barrel of the implementation of Obamacare unless the House of Representatives acts decisively to stop the law in its tracks by defunding it this month.
"Our economy is sick and the American workforce has become increasingly discouraged. The myth that the declining participation rate is found in the aging population is dispelled in the boomerang college kids who are graduating from college and returning to their parent's homes due to lack of opportunity. It is time for the government to finally wake up and stop the regulatory assault on job creation that has had the perverse effect of stripping potential worker's hope of ever finding a career."
See also "Labor force participation continues to drop," By ALG Senior Editor Robert Romano, Aug. 30, 2013 at netrightdaily.com.
Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please visit our website at www.GetLiberty.org.