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Post Info TOPIC: 94,333,000 Americans Out of the Labor Force in July


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94,333,000 Americans Out of the Labor Force in July
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94,333,000 Americans Out of the Labor Force in July

 
 
 

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The number of Americans not in the labor force declined but still topped 94 million last month, according to data released Friday by the Labor Department.

The Bureau of Labor Statistics reports that 94,333,000 Americans were neither employed nor had made an effort to find work in July — down 184,000 compared to the month prior.

The labor force participation rate also increased slightly, hitting 62.8 percent in July.

 
 
Video: Why Are Men Leaving the Labor Force?
 
 
 
 

While tens of millions of Americans were out of the workforce — due to discouragement, schooling, retirement or otherwise — and the participation rate remained at levels not seen since the 1970s the BLS reported a relatively decent level of job growth.

According to the government data, last month the economy added 255,000 jobs and the unemployment rate remained at 4.9 percent.

The labor force also grew by 407,000 people, reaching 159,287,000. Of those participating in the labor force, 151,517,000 were employed and 7,770 were unemployed.

Broken down by gender, the unemployment rate and participation rate for working-age men was 5.0 percent and 69.2 percent, respectively. Among working-age women the unemployment rate was 4.7 and participation rate was 56.8 percent.

Among whites last month, the unemployment rate was 4.3 percent and the participation rate was 62.9 percent. Black unemployment was 8.4 percent with a participation rate of 61.2 percent. Asian unemployment was 3.8 percent and the participation was 63.4 percent and Hispanic unemployed was 5.4 percent with a 65.8 percent participation rate.

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If you want more of this, vote for Hillary.

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FNW


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But, but, the economy is so much better.

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Ok the number doesn't make sense to me. If there are 300M people, and presumably more than half are kids, that would mean only 60M are working.

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If you really want the truth about that number, please remember that it also includes those who are retired as well as those who are not eligible to work such as children. Below is the direct quote from the Bureau of Labor Statistics. If an article is going to present facts, it really should present all of them.

Labor force characteristics
This page contains information on the labor force data on characteristics of employed and unemployed persons and persons not in the labor force. Data on hours of work, earnings, and demographic characteristics also are available.
...
Not in the labor force
Persons who are neither employed nor unemployed are not in the labor force. This category includes retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work. Information is collected on their desire for and availability for work, job search activity in the prior year, and reasons for not currently searching.

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Whats your point? That there are jobs aplenty?

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Frozen Sucks!

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Lady Gaga Snerd wrote:

Whats your point? That there are jobs aplenty?


 The headline is misleading, that is the point.  And you know what irks me?  The actual figures are dismal but the media has the need to "doctor" up something that doesn't need doctoring.



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I know what to do_sometimes wrote:
Lady Gaga Snerd wrote:

Whats your point? That there are jobs aplenty?


 The headline is misleading, that is the point.  And you know what irks me?  The actual figures are dismal but the media has the need to "doctor" up something that doesn't need doctoring.


 What IKWTDS said.  First article is misleading.  



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Sorry, But The Real Unemployment Rate Is 9.8%, Not 5%

www.investors.com/politics/editorials/sorry-but-the-real-unemployment-rate-is-9-8-not-5/

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Okay. Of that 9.8% number, 3.8% have jobs but are part time. I get that some of those are people who can't find full time employment. But that does not take into account those who can only work part time or work part time because they want to. Only 1% have stopped looking and are not on unemployment rolls.

So those number are skewed too much and cannot be reliable to count for true unemployment numbers. Part time is still employed, no matter how you (general) try to justify it, even if it is underemployed.


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Oh, and I am part of the part time employed that want to be full time. I consider myself employed. That does not qualify me to be unemployed.

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jlbear71 wrote:

Oh, and I am part of the part time employed that want to be full time. I consider myself employed. That does not qualify me to be unemployed.


 I think the word "unemployed" is not the correct descriptor of the issue.  Should be underemployed.  That would include those such as you working part time but want full time plus those that are working at jobs that pay far less than a previous job they were laid off from.



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