Economics Politics

1 in 4 Americans in their Prime are NOT Working

Have you heard all those rosy reports about our economy from the liberal media and the Democrats? Well, they might things are looking good but the data says something very different.

Actually, you probably say something very different too. 

Nearly one in four Americans of prime working age are not working, even as the president boasts of falling unemployment numbers and other indicators show economic growth.

Since the recession began in 2007, the number of Americans ages 25 to 54 who are not working has grown by more than 3.5 million to 28.9 million, according to an analysis Bureau of Labor Statistics data conducted by Senate Budget Committee Republicans.

About 23 percent of the 124.5 million Americans in that age group are either unemployed or are not looking for work.

job lossesPresident Obama boasted of economic gains at a Democratic Senatorial Campaign Committee fundraising event Tuesday. Since he took office, unemployment is down, he said, and “by every economic measure we are better off.”

Overall unemployment has indeed fallen to about 6 percent, and new data Friday from the Bureau of Labor Statistics puts the real gross domestic product growth at 4.6 percent, up from its last estimate of 4.2 percent.

But according to the Senate GOP budget staff’s analysis, the number of Americans working as a percentage is near a four-decade low, and two-thirds of the people who have left the work force since 2009 are below the age of 55.

“These statistics illustrate that the problems in the American economy are deep, profound, and pervasive, afflicting the sector of the labor force that should be among the most productive,” said a statement accompanying the analysis.

The latest jobs report from the Bureau of Labor Statistics stated 142,000 jobs were added in August — far below the 225,000 jobs expected.

Jason Furman, Chairman of the president’s Council of Economic Advisers, said in a statement Friday the latest GDP numbers are encouraging, but there is still work to be done. ”The President will continue to do everything in his power to support investments in job creation and encourage higher incomes for workers,” he said.

 

 

Source

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

Onan Coca

Onan is the Editor-in-Chief at Liberty Alliance media group. He's also the managing editor at Eaglerising.com, Constitution.com and the managing partner at iPatriot.com. You can read more of his writing at Eagle Rising.
Onan is a graduate of Liberty University (2003) and earned his M.Ed. at Western Governors University in 2012. Onan lives in Atlanta with his wife and their three wonderful children.

Don't Miss Out!!

Get your daily dose of Eagle Rising by entering your email address below.

STAY IN THE LOOP
Don't miss a thing. Sign up for our email newsletter to become an insider.

Send this to friend