Record 93,770,000 MILLION Americans Not in Labor Force
Posted
By: RumorMail
[Send
E-Mail]
Date: Friday, 7-Aug-2015 15:48:00
The
number of people not in the labor force reached another record high in
July, according to new jobs data released Friday by the Bureau of Labor
Statistics.
The BLS reports that 93,770,000 people (16 and
older) were neither employed last month nor had made specific efforts to
find work in the prior four weeks.
The number of people outside the workforce in
July increased 144,000 over June’s record when 93,626,000 were not in
the workforce.
July’s labor force participation rate however
remained the the same as June at 62.6 percent. Before last month the
labor force participation rate had not been that low since October 1977,
when the participation rate was 62.4 percent.
The BLS reports that the civilian labor force
did experience a slight uptick from 157,037,000 in June to 157,106,000
in July after the month of June saw it drop by 432,000.
While the labor participation rate remains at
the lowest its been since the late 1970s, the BLS highlighted that the
unemployment rate remained at 5.3 percent and nonfarm payroll jobs
increased by 215,000.
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=24222
No comments:
Post a Comment