Author Topic: Unemployment rate dips as more workers leave labor force - 94 million - LFPR  (Read 17974 times)

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Online TahoeBlue

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Re: Unemployment rate dips as more workers leave labor force - 94 million - LFPR
« Reply #40 on: September 02, 2016, 10:40:12 am »
Well like ZIRP ,,, record food stamp usage ,,,, record for Not in labor force ....


http://www.wsj.com/articles/the-idle-army-americas-unworking-men-1472769641
The Idle Army: America’s Unworking Men
Millions of young males have left the workforce and civic life. Full employment? The U.S. isn’t even close.
By Nicholas Eberstadt
Sept. 1, 2016 6:40 p.m. ET

Labor Day is an appropriate moment to reflect on a quiet catastrophe: the collapse, over two generations, of work for American men. During the past half-century, work rates for U.S. males spiraled relentlessly downward.

America is now home to a vast army of jobless men who are no longer even looking for work—roughly seven million of them age 25 to 54, the traditional prime of working life.

...
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Online TahoeBlue

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Lets see still about 94 million not in labor force ... the terminally unemployed ...
and the participation rate was higher in 2007 then it is today (2007 was  66 percent / today its 63 percent .... 'cause there more people !!!  )

In 2007 there were only 77 million in the NILF now there's 94 million !!! That's a good 15 million who were totally screwed ...
 


https://data.bls.gov/timeseries/LNS15000000

 Data extracted on: June 1, 2017 (9:59:17 AM)

Labor Force Statistics from the Current Population Survey

Series Id:           LNS15000000
Seasonally Adjusted
Series title:        (Seas) Not in Labor Force
Labor force status:  Not in labor force
Type of data:        Number in thousands
Age:                 16 years and over

2007   77506   77851   77982   78818   78810   78671   78904   79461   79047   79532   79105   79238
...
2015   92701   93128   93299   93222   93008   93670   93752   93987   94516   94418   94389   93978
2016   94036   93690   93490   94031   94665   94508   94325   94346   94261   94678   95084   95102
2017   94366   94190   94213   94375


https://data.bls.gov/timeseries/LNS11300000
Data extracted on: June 1, 2017 (10:06:17 AM)
Labor Force Statistics from the Current Population Survey

Series Id:           LNS11300000
Seasonally Adjusted
Series title:        (Seas) Labor Force Participation Rate
Labor force status:  Civilian labor force participation rate
Type of data:        Percent or rate
Age:                 16 years and over

2007   66.4   66.3   66.2   65.9   66.0   66.0   66.0   65.8   66.0   65.8   66.0   66.0
...
2014   62.9   62.9   63.1   62.8   62.8   62.8   62.9   62.9   62.8   62.9   62.9   62.7
2015   62.9   62.7   62.7   62.8   62.9   62.6   62.6   62.6   62.4   62.5   62.5   62.7
2016   62.7   62.9   63.0   62.8   62.6   62.7   62.8   62.8   62.9   62.8   62.6   62.7
2017   62.9   63.0   63.0   62.9                               
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Online TahoeBlue

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https://www.cnsnews.com/news/article/susan-jones/95745000-record-number-americans-not-participating-labor-force-boomers
95,745,000: Record Number Not in Labor Force as Boomers Retire
By Susan Jones | May 7, 2018 | 11:40 AM EDT

(CNSNews.com) - The number of employed Americans has broken eight records since President Trump took office, but on the not-so-sunny side, the number of Americans not in the labor force also keeps increasing, breaking six records since Trump took office in January 2017.

Last month, a record 95,745,000 Americans were counted as "not in the labor force," meaning they are not employed and are not seeking a job, according to the Labor Department's Bureau of Labor Statics. "This category includes retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work," BLS said.

With record numbers of people not in the labor force, the labor force participation rate has remained stubbornly low in recent years.

In April, only 62.8 percent of the non-institutionalized, civilian population over the age of 16 was either working or actively looking for work. This compares with an all-time high of 67.3 percent in the first four months of 2000.

In a March 2018 report, the Congressional Budget Office noted that a lower labor force participation rate is associated with lower gross domestic product and lower tax revenues. It is also associated with larger federal outlays, because people who are not in the labor force are more likely to enroll in federal benefit programs, including Social Security.
...
According to that report, "The continued retirement of the baby-boom generation is the most important factor driving down the overall participation rate." The first Baby Boomers -- people born between 1946 and 1964 -- turned 65 in 2011.
 https://www.cbo.gov/publication/52365
...
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5