The economy has recovered.
That is what we have been told. Look around and see how many jobs have been created, or have they. In November 2014 there was a 312,000 increase in employment.
But look closely at our Bureau of Labor Statistics. The participation rate, the percentage of the labor force that is working, remained at 62.8%. That means thirty-seven (37%) are not employed. There are one hundred forty-seven million (147,289,000) people working. There are nine million (9,110,000) people not working.
Take heart, India Japan, and Turkey have lower participation rates.
The accuracy of these statistics is only as good as what are government is telling us. Merry Christmas.