{"id":22163,"date":"2015-01-09T10:00:06","date_gmt":"2015-01-09T15:00:06","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=22163"},"modified":"2015-01-09T10:02:50","modified_gmt":"2015-01-09T15:02:50","slug":"bittersweet-jobs-report-wages-decline-and-labor-force-participation-rate-falls-to-37-year-low","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/22163\/bittersweet-jobs-report-wages-decline-and-labor-force-participation-rate-falls-to-37-year-low\/","title":{"rendered":"Bittersweet Jobs Report:  Wages Decline and Labor Force Participation Rate Falls to 37-Year Low"},"content":{"rendered":"<p>Today&#8217;s Labor Department <a href=\"http:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" target=\"_blank\">unemployment report<\/a> contains a fresh round of ominous news beyond the headline numbers.<\/p>\n<p>Specifically, the labor participation rate fell to a new 37-year low, which is particularly negative news because women hadn&#8217;t yet fully entered the U.S. workforce during that previous 1970s low. \u00a0Additionally, wages continued their <a href=\"http:\/\/www.cnbc.com\/id\/102324257\" target=\"_blank\">decline<\/a>:<\/p>\n<blockquote><p>Businesses had been creating jobs at a monthly pace of 224,000, though wage growth remained modest and the drop in the headline rate had come in large part due to a decline in the labor force participation rate. \u00a0Indeed, the participation rate continued to plummet, falling to a fresh 37-year low of 62.7 percent. \u00a0Job quality did not fare well either, with wages actually declining for the month by 5 cents an hour, pulling the annualized gain down to 1.7 percent.&#8221;<\/p><\/blockquote>\n<p>That annualized gain doesn&#8217;t substantively exceed inflation, and since the last recession ended almost six years ago in 2009, median U.S. income has actually declined. \u00a0That is unprecedented for a supposed post-recession &#8220;recovery,&#8221; and Americans continue to simply drop out of the workforce. \u00a0Something to keep prominently in mind when Barack Obama trumpets his supposed economic success.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today&#8217;s Labor Department unemployment report contains a fresh round of ominous news beyond the headline numbers. Specifically, the labor participation rate fell to a new 37-year low, which is particularly negative news because women hadn&#8217;t yet fully entered the U.S. workforce during that previous 1970s low. \u00a0Additionally, wages continued their decline: Businesses had been creating [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[27,4639,18],"class_list":["post-22163","post","type-post","status-publish","format-standard","hentry","category-posts","tag-jobs","tag-labor-force","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/22163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=22163"}],"version-history":[{"count":2,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/22163\/revisions"}],"predecessor-version":[{"id":22165,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/22163\/revisions\/22165"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=22163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=22163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=22163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}