Record Number of Americans Not in Labor Force in June
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Record Number of Americans Not in Labor Force in June

Record Number of Americans Not in Labor Force in June

July 3, 2014 – 8:48 AM

By Ali Meyer

(CNSNews.com) – The number of Americans 16 and older who did not participate in the labor force climbed to a record high of 92,120,000 in June, according to data from the Bureau of Labor Statistics (BLS).work force photo

This means that there were 92,120,000 Americans 16 and older who not only did not have a job, but did not actively seek one in the last four weeks.

That is up 111,000 from the 92,009,000 Americans who were not participating in the labor force in April.

In June, according to BLS, the labor force participation rate for Americans was 62.8 percent, matching a 36-year low. The participation rate is the percentage of the population that either has a job or actively sought one in the last four weeks.

In December, April, May, and now June, the labor force participation rate has been 62.8 percent.

Before December, the last time the labor force participation rate sank as low as 62.8 percent was in February 1978, when it was also 62.8 percent. At that time, Jimmy Carter was president.

via Record Number of Americans Not in Labor Force in June | CNS News.

Photo by Tony Fischer Photography

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