New Record: Americans Not in Labor Force Breaks 95 Million for First Time

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Free Beacon:

The number of Americans not participating in the labor force hit a new record in November, exceeding 95 million for the first time, according to the latest numbers released by the Bureau of Labor Statistics.

 

In November, there were 95,055,000 Americans not in the labor force, an increase of 446,000 people from the previous month.

 

The bureau counts those not in the labor force as people who do not have a job and did not actively seek one in the past four weeks.

 

The labor force participation rate, which is the percentage of the population that has a job or actively looked for one in the past month, declined from 62.8 percent in October to 62.7 percent in November.

 

The unemployment rate for all Americans declined from 4.9 percent in October to 4.6 percent in November. This measure does not account for those individuals who have dropped out of the labor force and simply measures the percent of those who did not have a job but actively sought one over the month.