holy crap: 93 million adults not working or real unemployment is 37.3% @drudge @sarahpalinu

A record 92,898,000 Americans 16 years and older did not participate in the labor force last month, according to data released by the Bureau of Labor Statistics.

The BLS defines people not in the work force as people 16 years and up who are not employed and haven’t “made specific efforts to find employment sometime during the 4-week period ending with the reference week.” The labor force participation rate — or the “The labor force as a percent of the civilian noninstitutional population” — also dipped back down to 62.7 percent, from 62.9 percent in November.

September also saw a labor force participation rate of 62.7 percent, however prior to then, the last time the rate hit 62.7 percent was in February of 1978.

While the level of labor force participation declined — due not only to potentially discouraged workers but also baby boomers hitting retirement age — the BLS reported Friday that in December the unemployment rate declined to 5.6 percent, payroll jobs increased by 252,000 but 456,000 dropped out in November.

“Today’s solid employment report caps off a strong year for the U.S. labor market, which achieved a number of important milestones in 2014,” Jason Furman, Chairman of the Council of Economic Advisers, said in a statement. “Total job growth last year was the strongest since 1999, while the unemployment rate fell at the fastest pace in three decades.”

“Although nominal wages fell in December, inflation-adjusted wages have generally been rising, and job growth has picked up in sectors that traditionally provide good, middle-class jobs,” he added.

House Speaker John Boehner (R-OH) reacted to the labor news by touting the jobs bills the new Republican Congress have been pushing, including the Keystone pipeline.

“It’s always welcome news when more Americans find work,” he said. “Yet while the economy is showing some signs of improvement, far too many middle-class families are struggling to bridge the gap between rising costs and stubbornly flat paychecks.”

RECORD 92,898,000 AMERICANS NOT IN THE WORKFORCE

political trailblazer #sarahpalin to keynote #nape2015 decision maker’s breakfast #houston

FORT WORTH, Texas–(BUSINESS WIRE)–NAPE is pleased to announce that Sarah Palin, the former Governor of Alaska and first female vice presidential candidate for the Republican Party, will give the keynote address at NAPE’s Decision Maker’s Breakfast in Houston on February 12 at the Hilton Americas. The Decision Maker’s Breakfast takes place during the annual NAPE Summit, the world’s largest upstream expo. Each year, the networking breakfast hosts a prominent speaker to examine key issues facing the oil and gas industry.

“We are honored to have Governor Palin keynote the annual Decision Maker’s Breakfast and share her valuable insights gained from her political career”

“We are honored to have Governor Palin keynote the annual Decision Maker’s Breakfast and share her valuable insights gained from her political career,” said Marty Schardt, executive vice president of the American Association of Professional Landmen (AAPL). “From serving as chair of Alaska’s powerful Oil and Gas Conservation Commission, where she earned public praise for whistle blowing on corruption issues, to being the first female and youngest Governor of Alaska, her experience has provided her a unique perspective on industry. I know NAPE attendees will find her policy knowledge and industry outlook to be of great value.”

Known as a fearless and independent trailblazer – and named one of TIME magazine’s “100 Most Influential People,” Governor Palin has the distinctive ability to unite, engage and attract audiences as she shares her insight into the issues facing our country today. At the 2015 Decision Maker’s Breakfast, she will address today’s critical issues such as energy independence as well as her perspective on current politics and the 2016 elections.

The Decision Maker’s Breakfast will take place at 6:30 a.m. on Thursday, February 12 prior to the opening of the NAPE exhibit floor at 8 a.m. Launched in 1993, NAPE has become a must-attend event for those looking to initiate and close deals in the upstream space. Next month’s expo is expected to draw close to 17,000 attendees and 1,000 exhibitors.

To register for the Decision Maker’s Breakfast, visit NAPE’s website (note that seating is limited). To attend additional NAPE Summit events – such as the Icebreaker, Business Conference or Charities Luncheon – please visit http://napeexpo.com/ for more information.

@barackobama has increased federal debt by $7.5 trillion to $18.2 trillion #palin #sarahpalin #palin2016

FEDERAL DEBT

The federal government drove $789,473,350,613.20 deeper into debt in calendar year 2014, an increase that equaled $6,875 per household, $7,458 per full-time year-round worker, and $8,853 per full-time year-round private-sector worker.

According to the Treasury, the debt started calendar year 2014 at $17,351,970,784,950.10 and ended it at $18,141,444,135,563.30.

When Obama took office on Jan. 20, 2009, the debt was $10,626,877,048,913.08. Since then, it has increased $7,514,567,086,650.22–which is $65,443 per household, $70,985 per full-time worker and $84,266 per full-time private-sector worker.

In 2013, according to the Census Bureau there were 105,862,000 full-time year-round workers in the United States. The $789,473,350,613.20 increase in the federal debt during 2014 worked out to $7,457.57 for each of those full-time year-round workers.

Those 105,862,000 full-time year-round workers included 16,685,000 federal, state and local government workers and 89,177,000 private-sector workers.

The $789,473,350,613.20 in new federal debt in 2014 equaled $8,852.88 for each of the 89,177,000 full-time private-sector workers in the country.

As of December 2013, there were 114,826,000 households in the country, according to the Census Bureau. The $789,473,350,613.20 in new debt equaled $6,875.39 per household.

Ten years ago, at the end of 2004, the federal debt was $7,596,142,802,424.14. Since then, it has grown by $10,545,301,333,139.16—an average pace of $1,054,530,133,313.92 per year.

CNSNews: Under Obama: Federal Debt Up $84,266 Per Full-Time Private-Sector Worker

‘Calibration error’ changes GOP votes to Dem in Illinois county

CHICAGO — Early voting in Illinois got off to a rocky start Monday, as votes being cast for Republican candidates were transformed into votes for Democrats.

Republican state representative candidate Jim Moynihan went to vote Monday at the Schaumburg Public Library.

“I tried to cast a vote for myself and instead it cast the vote for my opponent,” Moynihan said. “You could imagine my surprise as the same thing happened with a number of races when I tried to vote for a Republican and the machine registered a vote for a Democrat.”

The conservative website Illinois Review reported that “While using a touch screen voting machine in Schaumburg, Moynihan voted for several races on the ballot, only to find that whenever he voted for a Republican candidate, the machine registered the vote for a Democrat in the same race. He notified the election judge at his polling place and demonstrated that it continued to cast a vote for the opposing candidate’s party. Moynihan was eventually allowed to vote for Republican candidates, including his own race.

Moynihan offered this gracious lesson to his followers on Twitter: “Be careful when you vote in Illinois. Make sure you take the time to check your votes before submitting.”

Cook County Board of Elections Deputy Communications Director Jim Scalzitti, told Illinois Watchdog, the machine was taken out of service and tested.

“This was a calibration error of the touch-screen on the machine,” Scalzitti said. “When Mr. Moynihan used the touch-screen, it improperly assigned his votes due to improper calibration.”

Watchdog: Cook County ballot box tries to cast GOP votes for Democrats