Record 89,304,000 Americans ‘Not in Labor Force’ — 296,000 Fewer Employed Since January
The Bureau of Labor Statistics (BLS) labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work.
The increase marks the second month in a row, after rising in January from 88.8 million in December. Those not in the labor force had declined in December from 88.9 million in November.
The number of Americans not in the labor force increased by 296,000 between January and February, which means that the labor force participation rate, which measures workers and those looking for jobs, also fell, to a 32-year low of 63.5 percent.
Mr. Bingley has more.
You missed the FUN part, which is that the media has reported “good” employment numbers…. by ignoring the people fully dropping out of the labor force.
At the same time — they are also hyping “concerns” over the “cuts” from sequestration…
So, when the next numbers come out, and they show a huge drop… WHOSE FAULT IS IT GONNA BE?
LOL: I know you could say it.