7 Million Americans Not In Labor Force Want Jobs Now!

The Labor Department released its highly anticipated jobs report for August Friday, and the numbers were lousy.

Although the unemployment rate dropped to 8.1 percent, that's because another 368,000 Americans dropped out of the labor force.

This brought the labor force participation rate down to 63.5 percent, the lowest it's been since September 1981.

Meanwhile, the number of people not in the labor force increased by 581,000 to a staggering 88.9 million.

Making matters worse, the number of people out of the workforce that want a job now increased 403,000 to 6.957 million.

That's right - almost 7 million Americans are currently not in the labor force but they want to work immediately.

These are all terrible numbers for a president seeking reelection.

2012 Presidential Economy Unemployment
Noel Sheppard's picture