The labor force participation rate in April 2014 for Americans ages 25 to 29 hit the lowest level recorded since 1982, when the Bureau of Labor Statistics (BLS) started tracking such data.
The labor force participation rate, which is the percentage of the civilian non-institutional population who participated in the labor force by either having a job during the month or actively seeking one, hit a record low in April 2014 of 79.8%.
The message to young adults about their political choice is clear — but will they hear it?
Older people are working longer in part because they have to save more, because the Fed is diverting their savings to Wall Street. The leaves fewer openings for young people. Washington’s mandates and regulatory agencies are squashing the growth out of the economy, which creates fewer openings for young people.
By the time they get the message, I’m afraid they’ll be bitter middle-aged people with permanently diminished prospects.