Not an improvement: Unemployment falls, but workforce participation hardly budges

The October jobs report was released stating we had 214,000 jobs created and that was above the necessary rate needed to keep up with population growth (around 150,000). So the unemployment rate was lowered to 5.8 percent. However, once again the corresponding workforce participation rate was little changed at 62.8 percent in October and has been essentially flat since April. The employment-population ratio increased to 59.2 percent in October.

We must continue to be concerned that we do not have an increase in the workforce participation rate corresponding with a lowering of the unemployment rate. As we have presented here, there are some 92 million Americans who have dropped out of the workforce and are not even counted as part of the unemployment calculation.

We should be aware that at some point in time we will have to acknowledge what the U-6 report tells us regarding the employment situation in America. We all want economic success for our brother and sister Americans.

LFP Participation

Yesterday I had the opportunity to attend a Free Market Leadership Summit put on by the Job Creators Network at Northwood University, Florida campus. It was very important to hear the stories of entrepreneurs who are fighting to keep Americans employed — and the obstacles they face.

The luncheon speaker for the event was Home Depot Founder, Bernie Marcus. He was very clear on the challenges he faced starting Home Depot back in 1979, and conveyed his concerns as to whether he could do so now. For him, the tax, healthcare costs and regulatory environment today are severe impediments to successfully starting a business — which is contrary to the principles of the American free market system.

In my new capacity as CEO of the National Center for Policy Analysis, I’d be very interested to hear from small business owners. I’d like to know what major challenges you face in operating your business. We can only begin to develop the right policies by hearing from those being affected. Small businesses represent some 75 percent of our economy, and employs millions more than major corporations — it is the life blood of our free enterprise economy.

So, what do you think? Is the unemployment rate really 5.8 percent? What do you believe the rate truly is — we know the figures for the minority communities are absolutely shocking.

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37 Comments on "Not an improvement: Unemployment falls, but workforce participation hardly budges"

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skatblueeyes
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Jobs are going to illegals & green card holders rather than Americans so even this pathetic jobs report is all smoke & mirrors.

SissyO
Guest
Large employers are employing H-2 Non Farm Visa Workers (read Mexicans and others) because they can pay them less. Americans and others would rather collect welfare and benefits that pay more than these jobs. This cycle will continue until illegals are forced to go home. Toll Brothers, Home Depot, and many other large businesses getting away with this. They are following the rules as Obama has written. Raising minimum wages won’t help; employers would rather hire a college grad than a loser high school dropout, and they still won’t be able to pay off their school loans. EVERYTHING bad is… Read more »
Michael D. Hopkins
Guest

Some of it is baby boomers retiring but most of it the 30 million increase of Welfare recipients and illegals (Democrats).

Paul Sheridan
Guest

[citation needed]

Dogsmart
Guest

what is the source of this graph? inquiring liberals will want to bash it.

Cherry
Guest
Lost full time job last Nov. Unemployed for 6 months. Emergency savings all used up. Grace of God got me a part time job in April. Supposed to be fulltime if the economy picked up in the construction trade. Didn’t happen. When the last steel beam is set in place in a couple of weeks, one branch of our company will be closed permanently. 12 workers will be let go. I have already been asked if I would drop one day from my work schedule. Writing on the wall…. Please do not attempt to tell me the economy has rebounded.… Read more »
Earl Lee
Guest

I moved to TEXAS 6 months ago and found 2 jobs while I was here…B/S to those that say there is no work out there!

Cherry
Guest

Congratulations Earl Lee on obtaining gainful employment. However, please address why you moved to Texas? Was it because there were no viable employment opportunities in your former state?

Earl Lee
Guest

I moved to Texas because of the weather….not a job

SissyO
Guest

not everyone is moving to Texas you moron

jaswim
Guest

Depends on what your trained in and I will tell you what is BS, having to work part time thanks to Obama care.

Earl Lee
Guest

I you have to work part time jobs thats your choice….there are FULL TIME jobs out there…go get u one skippy and stop blaming obama for your laziness!

C.D.
Guest

I work 4 part time jobs, and the weekly total is not enough to equal my dad’s weekly pay in the 80s…the 80s! 30 years ago! My husband’s full time job and my 4 part time jobs don’t equal what my dad’s yearly salary was in the 80s. And he made less than $55,000 then. And my husband and I are both college graduates. So please.

Earl Lee
Guest

I don’t work part time so there ARE jobs out there….this would be B/S

jaswim
Guest

You don’t know crap about me jerk. I spent one year searching for work. In my case I can’t just go anywhere in Texas for work because I have family responsibilities. This is NOT BS and I should know since I’m the one who struggled so much along with thousands of others. Consider yourself lucky jerk, you have no ideal.

Earl Lee
Guest

I’m sorry skippy but I know that there are jobs out there…FULL TIME JOBS in cities all across america! If you’ve been searching for a job for a YEAR thats because of YOU and not the JOB MARKET. I once again call B/S on this one. Its not OBAMA’S fault you don’t have a full time JOB!!!

jaswim
Guest
Mr. Earl Lee, you are a total jerk. As I write these words I am on my 4th and final week of accepting an out of town assignment so that I could earn extra hours for a change. I am still classified as part time because I am normally scheduled for 33 hours a week . However, when the opportunity arose for me to get more hours, I jumped at the chance. I have been working 60 hour weeks and am scheduled to work 14 days without a day off. I am anything but lazy, jerk. I’m 53 and working… Read more »
Earl Lee
Guest

I got a full time job, left a full time job and got another full time JOB…thats 3 FULL TIME JOBS i’ve gotten in 6 months. Don’t give me this OBAMACARE crap is the reason you can’t find full time work! If that makes me a JERK…I’ll be a JERK!! GET OUT THERE and GET U A FULL TIME JOB!!

jaswim
Guest
I notice you have avoided any of the issues such as the fact that I’m not willing to move anywhere to get a full time job because of family responsibilities or the what your skills are issue. Some jobs are easier to get in today’s economy than others, that’s a fact. Even Sean Hannity is always talking about how easy it is to get a job working on the oil rigs today. However, do you really think that a 53 year old women with health problems could make it in this indusry? If you do, then I’m convinced your not… Read more »
Earl Lee
Guest

I didn’t move because I HAD to…I moved because I WANTED TO!! I would suggest to get a different skill set and find a job that is hiring FULL TIME!! NOT OBAMA’S FAULT…your fault

jaswim
Guest
Still avoiding everything just like you do with everyone else on this site. I didn’t say anything about why you moved, only why I haven’t . Let me make it clear to you, I care more about my mother and caring for her now that she needs my help, than I do moving to a metropolitan area where jobs aren’t as scarce in the mid-size city in which I live. Furthermore, I went back to college in my 40’s and graduated right before your precious Emperor Obama took office. Lot a good it did me and numerous others who thought… Read more »
youcanthavemyfreedom
Guest
jaswim, I know it’s easy to get caught up when someone attacks you and your sensibilities but I gotta tell ya, earl is just baiting you and then sitting back laughing at how ticked off you’re getting. Did you notice that earl keeps saying he’s had all these jobs but he hasn’t yet said what those jobs were? I know someone who used to work full-time at Burger King, got fired from there and laid around for a couple of months and then went to work full-time at Pizza Hut, got fired from there too, laid around a few more… Read more »
jaswim
Guest
Sorry just now responding. I work in retail and during Christmas anyways I get plenty of hours and am just now checking my e-mails. I’m sure your right about Earl and I have stopped responding to his nonsense. I’m sorry your in my same situation. Obama was bragging earlier this week about our great economy. The man is a liar or he is delusional. I’ve worked since the age of 16 in 1978. Until Obamacare took effect, in all those years I never had a problem getting full time jobs. I know what’s changed and those living the consequences like… Read more »
SMH
Guest

Hang in there. Hope things turn around soon and you are able to find full-time employment!

James T. Strong
Guest

Allen: there’s also a big problem with the ill prepared labor force that enters the small biz world every year. High School academics who write the curriculae have lost track of the necessary practical skills that grads need to do work in the biz world, or even cope with life. Local biz folks should be having input to what is being taught to help formulate the curriculae, but that isn’t happening. Result: kids can’t count currency, balance check books, buy cars, etc.

CheetoBuster
Guest

Ya, you hear the leftist extremists chanting about how good the economy is….most of these leftist extremists are super wealthy actors who live in a bubble.

SissyO
Guest

or they work for the government in WASH DC. Bubble, and not reality. Welfare recipients.

Andrew
Guest

People left of right-wing extremists (synonyms) say how good the economy is in perspective to the depression it was in thanks to the Republicans.. its about context.

CheetoBuster
Guest

LOL!! I guess you were sleeping on November 4th. This socialist garbage and horrible economy the democrats have been trying to shove down our throats has been rejected by the country….and this is only the beginning!! Hang on, you are in for some more rude awakenings

Andrew
Guest

Hah.. not at all. I’m not the one in for the rude awakening. I know exactly what madness is going to ensue. 2016 will be the rude awakening…

jeanne725
Guest

upto I saw the bank draft saying $9223 , I did not believe that my father in law woz like actualey bringing in money in their spare time from there computar. . there uncle haz done this for only 8 months and just cleared the morgage on their place and bourt themselves a volvo . visit this site….>> -> NICEST WORK!!!! <-

Earl Lee
Guest

8 months straight on 200k jobs added…unemployment at 5.8%

batlcrewzer
Guest

Earl, do these loony ‘baggers even know who crashed the economy ad sent us in to the worst depression since ’29? Can these ‘baggers hate the black man in white house more than they love truth?

RamonaTLewis
Guest

At last!! you’ll be able to create more cash in part-time at your home on net on laptop computer and you’ll be able to earn Profit in same time doing different jobs… Last Monday I got a brand new BMW since getting a check for $6474 this – 4 weeks past. I began this 8-months ago and immediately was bringing home at least $77 per hour. I work through this link, go to tech tab for work detail,,,,,,,,………………………

►►►►►►►http://GoogleHomeJobs/Get_StartProfit/New….

jaswim
Guest
Working part time and needing full time work! That is not the American dream, Democrats, it’s the American nightmare, which is one reason as an Independent voter I voted straight Republican and made darn sure I voted in this last election. You might want to change your strategy as the Race Card and Fake War on Women only turned me more off to your sorry party. As for the man in the White House, he told the truth when he said his policies were on the ballot, which is at the top of the list of why I voted straight… Read more »
mark
Guest

Its nice to know is against people retiring.

Alan Beasley-LegacyofSuccess
Guest
Alan Beasley-LegacyofSuccess
If you look at the BLS date ie unemployment chart, participation, you see 4 points: 1. 5.8% unemployment is where is was at “the worst” point of the Bush & Clinton Admin. (Clinton avg=5.4%, Bush avg=5.3%, Obama avg=8.3%) 2. The Participation Rate under Bush & Clinton was at least 4 points higher – even at the “worst point”. 3. 70% of jobs created since 2010 are P/T jobs. (no mortgage for P/T job holders) 4. The number employed today is equal to the record high the USA hit in 2006. However – we have 4.4 million more “working age” people… Read more »