July: 988,000 'Discouraged' Americans Concluded There Were No Jobs for Them

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CNS News:

CNSNews.com) – There were 988,000 discouraged workers in the United States in July, an increase of 136,000 from July 2012, according to data released today the Bureau of Labor Statistics (BLS).

 

“Discouraged workers are persons not currently looking for work because they believe no jobs are available for them,” the BLS explains.

 

While the overall unemployment rate declined to the lowest rate since December 2008 at 7.4 percent, those not in the labor force remains near an all-time high at 89,957,000. The previous high was 89,967,000 in March of this year.

 

The number of Americans who dropped out of the labor force was 240,000 in July – 78,000 more than the162,000 jobs added in the month.

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Unemployment Climbs to 9.4% Among Hispanics; Double What It Was 7 Years Ago; Never Below 9.0% Under Obama

 

(CNSNews.com) - Unemployment among American Hispanics climbed to 9.4 percent in July, up from 9.1 percent in May and June, and 9.0 percent in April, according to data released today by the Bureau of Labor Statistics.

 

During President Obama's time in office, the number of American Hispanics who are unemployed has increased 161,000--rising from 2,205,000 in January 2009 to 2,366,000 in July 2013.

 

BLS defines a person as unemployed if they are 16 years or older and do not have a job, but have actively sought one in the last four weeks.

 

 

http://cnsnews.com/news/article/unemployment-climbs-94-among-hispanics-double-what-it-was-7-years-ago-never-below-90