Work Force Participation Sinks By Another 150,000 People

August 4, 2012
By

The labor participation rate came out late today. I can see why they delayed it. Another 150,000 left the work force. I wonder how many are in the social security disability program. SSA standards for receiving disability now includes people depressed over not finding a job. I guess Obama wants to shift all unemployed to the disability program and get those unemployment numbers down.

 

Year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual

2002

66.5

66.8

66.6

66.7

66.7

66.6

66.5

66.6

66.7

66.6

66.4

66.3

2003

66.4

66.4

66.3

66.4

66.4

66.5

66.2

66.1

66.1

66.1

66.1

65.9

2004

66.1

66.0

66.0

65.9

66.0

66.1

66.1

66.0

65.8

65.9

66.0

65.9

2005

65.8

65.9

65.9

66.1

66.1

66.1

66.1

66.2

66.1

66.1

66.0

66.0

2006

66.0

66.1

66.2

66.1

66.1

66.2

66.1

66.2

66.1

66.2

66.3

66.4

2007

66.4

66.3

66.2

65.9

66.0

66.0

66.0

65.8

66.0

65.8

66.0

66.0

2008

66.2

66.0

66.1

65.9

66.1

66.1

66.1

66.1

65.9

66.0

65.8

65.8

2009

65.7

65.8

65.6

65.6

65.7

65.7

65.5

65.4

65.1

65.0

65.0

64.6

2010

64.8

64.9

64.9

65.1

64.9

64.6

64.6

64.7

64.6

64.4

64.5

64.3

2011

64.2

64.2

64.2

64.2

64.2

64.1

64.0

64.1

64.1

64.1

64.0

64.0

2012

63.7

63.9

63.8

63.6

63.8

63.8

63.7

 

 

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