In the latest employment report, it was stated that only 119 million people are working full time. That is only about one third of the nearly 320 million people making up the country's population.
While this is up from a low of 116 million in January, it is still a very sad statement on the jobs situation. It means that too few of our people are paying all the taxes necessary to support the multitude of government programs such as Medicare and Social Security, which depend on income taxes collected from those full-time workers. This is why these two programs are destined to run out of money faster than previously thought.
References:
The Good And The Not- So-Good News About US Jobs In One Chart: http://www.zerohedge.com/news/2014-06-06/good-and-not-so-good-news-about-us-jobs-one-chart
May Employment (Situation) Report: http://www.bls.gov/news.release/empsit.toc.htm
Monthly number of full-time employees in the United States from May 2013 to May 2014 (in millions, unadjusted): http://www.statista.com/statistics/192361/unadjusted-monthly-number-of-full-time-employees-in-the-us/
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