JANUARY 14, 2015
Tepid job growth and labor force exodus in December
FAIRFAX, Va.—Americans for Limited Government Vice President of Public Policy and Communications Rick Manning today issued the following statement in response to the latest job numbers:
"Only 111,000 more Americans were employed in December than the month before, while 456,000 people abandoned the workforce entirely. That is how the unemployment rate dropped to 5.6 percent in spite of extremely disappointing job growth numbers.
"Astonishingly, the workforce dropouts were entirely women, with the number of men in the workforce actually increasing slightly.
"The sad reality is that this is the ultimate Obama new normal report, fewer new people employed than needed for healthy economic growth rates combined with drops in labor participation across all age groups.
"When coupled with a drop in wages for the average worker, it was hardly a Merry Christmas for Americans who are trying to get ahead in spite of the headwinds created by the President's regulatory policies."
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