I see this and think about the fewer people working the fewer tas dollars going to pay bills so where will the money come from??
A record 90,473,000 Americans no longer work.
The new figures, released from the U.S. Bureau of Labor Statistics, show a dramatic rise in the number of Americans who exited the labor force, climbing from 89,957,000 in July to 90,473,000 in August.
The labor force participation rate is now at a 34-year low.
To be included in the Labor Department's calculations a person must be 16 years or older, a civilian, not in an institution (such as prison), and someone who has not looked for a job in the last four weeks.
According to the U.S. Census Bureau, the U.S. population is an estimated 313.9 million.
63,000 HISPANICS GAVE UP LOOKING FOR WORK DURING LA RAZA 'MONTH OF ACTION'
In August, the job market for Hispanics grew more bleak, even as the National Council of La Raza had a"Month of Action" campaign to demand comprehensive immigration reform.
Over the month, 63,000 more Hispanic workers completely left the labor force because they gave up looking for work, and 12.7 million Hispanics still in the workforce remained unemployed.
The comprehensive immigration reform bill La Raza is advocating would reduce the wages of working class Americans who have or can find jobs , according to the Congressional Budget Office.
According to La Raza, the Hispanic unemployment rate "remained a full two points higher than the national rate at 9.3%" in August and it decreased by 0.1 percentage point because of the Hispanics that left the workforce. In fact, 98,000 Hispanics left the labor force between July and August, and "Hispanic employment declined by 63,000 people" last month.
Overall, the Hispanic labor force "dropped by 0.4 percentage points last month," which La Raza said was "a possible signal of workers’ lack of confidence that jobs will be available to them." Only 66.3% of Hispanics over the age of 16 are in the labor force.
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