Sunday, November 20, 2022

The Labor Gap

 Our governor, the execrable John Bel Edwards (hack, spit) is trumpeting what he believes to be a touchstone in his damnable administration.  It seems that Louisiana has achieved an unemployment rate of 3.7%.  What John Bel doesn't tell you is exactly how many folks in Louisiana have left the labor force.  It's huge.

What he is not trumpeting is that Louisiana's Labor Force Participation rate is currently at 58.5%.  That tells us that  41.5% of the labor force is not participating at all.  Generous rounding tells us that 60% of the population is being dragged down by the other 40%.

John Bel can crow about these numbers, but the simple fact is that over 40% of our labor force is not working, not looking for work, or is living in the labor force black market.  Combine that with our out-migration and you have a recipe for disaster.

4 comments:

Anonymous said...

I'd wager its 40 supporting 60 (all ghose illegals.. millions!)

Well Seasoned Fool said...

May not be pertinent to your point but Weld County, CO is the 3rd largest petroleum producing county in the US. Two years ago Louisiania License plates were a common sight in the patch but I haven't seen one in months. At the moment there is only one rig drilling a new well. All other are reworking existing wells.

Old NFO said...

Only if it gets publicised... Otherwise, what 'he' says will be taken as gospel.

Termite said...

John Bell is the sorriest excuse for a former Airborne Ranger that exists. It boggles my mind that he actually passed the courses, and earned the tags.

Just dammit..........