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37.2%: Percentage Not in Labor Force Remains at 36-Year High

Posted By admin On June 6, 2014 @ 11:30 am In Money Watch | Comments Disabled

Ali Meyer
CNS News [1]
June 6, 2014

(CNSNews.com) – The percentage of American civilians 16 or older who do not have a job and are not actively seeking one remained at a 36-year high in May, according to the Bureau of Labor Statistics.

In December, April, and now May, the labor force participation rate has been 62.8 percent. That means that 37.2 percent were not participating in the labor force during those months.

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

In April, the number of those not in the labor force hit a record high of 92,018,000. In May, that number declined by 9,000 to 92,009,000. Yet, the participation rate remained the same from April to May at 62.8 percent.

Full story here. [1]

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URL to article: http://www.prisonplanet.com/37-2-percentage-not-in-labor-force-remains-at-36-year-high.html

URLs in this post:

[1] CNS News: http://www.cnsnews.com/news/article/ali-meyer/372-percentage-not-labor-force-remains-36-year-high

[2] Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low: http://www.prisonplanet.com/record-1-2-million-people-fall-out-of-labor-force-in-one-month-labor-force-participation-rate-tumbles-to-fresh-30-year-low.html

[3] People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels: http://www.prisonplanet.com/people-not-in-labor-force-soar-by-663000-to-90-million-labor-force-participation-rate-at-1979-levels.html

[4] One Million People Dropped Out Of Labor Force In April: http://www.prisonplanet.com/one-million-people-dropped-out-of-labor-force-in-april-participation-rate-plummets-to-lowest-since-1978.html

[5] Labor Force Participation Rate Drops To Fresh 25 Year Low, Adjusted Unemployment Rate At 11.7%: http://www.prisonplanet.com/labor-force-participation-rate-drops-to-fresh-25-year-low-adjusted-unemployment-rate-at-11-7.html

[6] Whopping 932,000 Americans Drop Out Of Labor Force In October: http://www.prisonplanet.com/whopping-932000-americans-drop-out-of-labor-force-in-october-participation-rate-drops-to-fresh-35-year-low.html

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