Context.
"You can take it out of context all you want, but high sustained growth means people work 40 hours rather than 30 hours and that by our success they have disposable income for their families to decide how they want to spend it"
The reality is that, "The labor force participation rate hovered between 62.9 percent and 62.7 percent in the eleven months from April 2014 through February, and has been 62.9 percent or lower in 13 of the 17 months since October 2013.
Prior to that, the last time the rate was below 63 percent was 37 years ago, in March 1978 when it was 62.8 percent, the same rate it was in February."
Combine that with the fact that the current labor force has been boosted by part-time and seasonal workers and you understand that people can't get enough hours to sustain their families.
"The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers), at 6.5 million, changed little in June. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.) In June, 1.9 million persons were marginally attached to the labor force, little changed from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.) Among the marginally attached, there were 653,000 discouraged workers in June, essentially unchanged from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.3 million persons marginally attached to the labor force in June had not searched for work for reasons such as school attendance or family responsibilities. (See table A-16.) "
http://www.bls.gov/news.release/pdf/empsit.pdf
So you have people no longer looking for work who, as Jeb said, have lost hope and you have workers with part-time hours who want full-time work. The economy will not grow in that scenario.
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