Saturday, May 31, 2014

The Disaster of Obamanomics, In Two Charts

The Disaster of Obamanomics, In Two Charts [Updated with more charts from Joe] | Power Line: "Apologists for the Obama administration sometimes argue that the nation’s declining rate of labor force participation is largely a function of baby boomers retiring from the labor force.
Unfortunately, this is not the case.
This chart, prepared by the Senate Budget Committee, pretty much says it all.
An unprecedented number of men–one in six–between the ages of 25 and 54, what should be their prime earning years, are either unemployed or out of the work force entirely.
One in eight, the highest proportion since record-keeping began in 1955, are out of the labor force:"


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