Those not in the labor force grows by 25,000,000 people from 2000 to 2016: During this same period those employed grew by 15 million and those unemployed grew by 6 million.
The unemployment rate looks dramatically better than it really is because of some funny accounting. Our labor force looks dramatically different from what it did in 2000. A large part of the low unemployment rate is coming from those not in the labor force. I’m fascinated with this aspect of the employment situation because it […]
34% of all Americans financially support the rest of the country – 112 million private sector workers support 211 million people.
The latest employment report was lackluster. The math on the employment numbers has concealed a deeper problem in the economy. Many Americans are struggling and the middle class continues to lose ground. The most startling figure coming out was that 562,000 people dropped out of the labor force. While there is a bit more information […]
New Year begins with record number of men not in the labor force: Those not in the labor force increased by 1.9 million last year while the labor force increased by only 1.1 million.
The New Year begins with a record number of men not in the labor force. Those “not in the labor force†remains at a record level and this cannot be explained away simply by shifting demographics. Demographics alone is a convenient explanation for this large number but unfortunately only explains part of the large number […]
The drop in the labor force is coming from prime-age Americans, not aging retirees: Examining the 94.6 million Americans not in the labor force.
Those not in the labor force hit a record number in the last month. While the mainstream press tries to spin it as a retirement trend, the reality is most Americans are too broke to retire. The Atlanta Fed added some color to explain the big decline in labor force participation. As it turns out, […]