Shrinking workforce participation still cause for concern in jobs report

Feb. 7, 2014, Fairfax, Va.—Americans for Limited Government President Nathan Mehrens today issued the following statement on the latest jobs numbers:

“We learned this week that the Obama Administration views a shrinking workforce participation as a good thing based upon their response to Congressional Budget Office analysis of Obamacare which asserts that more than 2 million people are likely to leave the full-time workforce due to Obamacare.

“The ups and downs of any monthly unemployment report pale in comparison to this startling analysis.  While the labor participation rate shifted upward slightly, it still remains that 3.5 million fewer people who are 16-54 are participating in the workforce compared to January 2009 levels. If they were included in today’s jobs report, the unemployment rate would be 8.6 percent, instead of the reported 6.6 percent.

“The impact of this long term shift in workforce participation remains a real source of concern for the future health of the U.S. economy.”

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