Aug 7 2015

1 out of 3 American workers support the rest of the country: Those not in the labor force surges to another record at 93,770,000.

The latest employment figures did not help the market.  While the unemployment rate remained unchanged this is largely being driven by the massive number of Americans not in the labor force.  This is the biggest employment story going on for a couple of years but is completely ignored by the media.  It is also conveniently […]

Jul 4 2015

Non-working America soars by 640,000 in one month to new record of 93.6 million. Not in the labor force Americans up 11 million since 2010.

It is hard to believe that one out of every three Americans is financially supporting the other two-thirds.  The unemployment rate appears much lower than it is because of the odd math behind the labor force.  The latest unemployment rate of 5.3 percent sounds great until you realize that last month 640,000 Americans were plopped […]

May 10 2015

34 percent of Americans financially carry the country: Those not in the labor force hits another record at 93,194,000.

The unemployment rate is calculated by those in what is deemed the labor force.  With the unemployment rate dropping you would think that somehow, we’d be back in a glorious economy where everyone was financially moving up.  That is definitely not the case.  Every single day we have 11,000 Americans hitting 65 years of age […]

Feb 13 2015

Top 4 largest occupation sectors in the United States all in the low wage service sector paying $10 an hour or less: What does it mean living near the minimum wage?

People have a hard time wrapping their minds around the economic fact that the top employment sectors in the United States are all made up of occupations in the low wage service sector.  We define low wage as a job that pays $10 an hour or less.  The press doesn’t really highlight this working poor […]

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Feb 6 2015

The evolution of low wage America: The most common jobs by state in 1978 to 2014. The destruction of the manufacturing industry.

The US continues to see a widening gap between the army of low wage workers, the highly paid small upper-class, and a dwindling middle class.  We’ve already shown through IRS tax data that households make a lot less than people think.  The US has been on a very steady trend towards having a massive pool […]

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