90 Million In Dead Weight

From Zero Hedge:

Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."

The Powder Keg Is Building

From Zero Hedge:

it is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to
88,419,000.  This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.

Almost 46% of working age adults are not employed,this is not good.In fact it would have been better if unemployment went up,rather than the labor force to shrink.This is a powder keg waiting to explode!

Those 'Not In The Labor Force' At Record Highs

From Zero Hedge:

The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000.

This is actually worse news than if the unemployment numbers went up.Remember what our mama's said about idle hands,'they are the devil's playground.'If people are not up and going to work,what are they doing?

'Lies, Damn Lies & Government Statistics: How Bureaucrats Use Numbers To Manipulate Us'

Government statics are nothing more than a shell game.We are told that the unemployment rate is falling,but we find out that less than 2/3rds of working aged Americans are actually employed.Something just doesn't smell right.

A Powder Keg

From The PJ Tatler:

Only 63.7% of working-age Americans are currently in the workforce – the lowest in almost 29 years!
To put it another way, 36.3% of working-age Americans do not have a job and are not even looking.

Less than 2/3rds of working age adults in this country are employed or actively seeking employment.That leaves over a 3rd of working-age Americans gaining some sort of income from some other source than a regular job.They are either receiving government subsidies (food stamps and such),off the books employment (odd jobs and such),charity,or they are involved in various criminal enterprises.

This isn't good at all.This is a powder keg waiting to explode.

'Gallup Poll Suggest Spike In Unemployment For February'

From Hot Air:

Something appears to be happening in the last few weeks to push employment back down in Gallup’s survey, usually a good if not exact indicator of official trends from the BLS.  It’s unclear what that might be, although it probably relates to current and anticipated demand.  The advance GDP report for 2011Q4 was a decent 2.8%, but the real final sales number was under 1%, which indicates inventory inflation and signals lower output in succeeding quarters, and also indicates flagging demand.
The other possibility is the anticipated rise in energy prices, especially in gasoline.  That will have a corrosive effect on disposable income in two directions — directly at the pump, where it will cost more for consumers to come to market, and on the prices of goods at the market when they arrive.  That will lower demand even further, as seen in the rapid rise of gas prices at this time last year.  Businesses might be bracing for this by postponing replacement hiring or trimming staff, especially with CBO outlooks for growth this year and next being 2.0% and 1.1%, respectively.
We’re two weeks away from the February employment report, but this precursor from Gallup isn’t good news at all.  We’ll see if it’s an outlier this month, or a warning.

It will be interesting to see if Obama's unemployment numbers match Gallup's?

Barack Obama Discovers ATM's

Why is unemployment so high?Barack Obama knows,"ATM's" and other new technologies are to blame.From Michelle Malkin;

Earlier today, the professor-in-chief himself opened his mouth and exposed his abject ignorance of how free markets work. Straining to explain away another Wreckovery Summer, President Obama blamed technological innovation instead of his own hapless technocrats for high unemployment. He told the Today Show:
“There are some structural issues with our economy where a lot of businesses have learned to become much more efficient with a lot fewer workers. You see it when you go to a bank and you use an ATM, you don’t go to a bank teller, or you go to the airport and you’re using a kiosk instead of checking in at the gate.”
Can he possibly be more out of touch?

Its one thing to lie to me,its another thing however to insult my intellegence and the above statement from the POTUS is insulting.