Economy

Demeter

(85,373 posts)

18. Americans Not In The Labor Force Jumps By 640,000 To 93.6 Million (Participation Rate Drops To 1977

Fri Jul 3, 2015, 04:32 PM

Jul 2015

The June Jobs Report is out today and Federal Reserve Vice Chairman Stanley Fischer must be thrilled! Americans NOT in the Labor Force jumped by 640,000 to a whopping 93.6 million. Remember, according to Fischer, America is need full employment. So, Americans NOT in the labor force keeps rising as a percent of the potential labor force (NOT in labor force + labor force) and is above 37% at 37.35%.

Other jobs-related information is not very good either. While the U3 unemployment rate dropped to 5.3%, the broader U6 unemployment rate is still above 10% at 10.5%.

MORE GOOD NEWS AND GRAPHS AT LINK: https://confoundedinterest.wordpress.com/2015/07/02/americans-not-in-the-labor-force-jumps-by-640000-to-93-6-million-participation-rate-drops-to-1977-levels/

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