The US Labor Participation Rate sits at 62.7% as we enter
2018. That means that 62.7% of US working-age citizens 16 years and older are
working. That also mean that 37.3% of
these citizens are not working.
The US ranks 10th on labor participation compared
to other countries. Our highest labor participation was 67.3% from 1950 to
present.
95,385,000:
Record Number Not in Labor Force; Participation Rate Falls to 62.7%, by Susan Jones 11/3/17 (CNSNews.com) – The economy added 261,000 jobs in October – the most since
President Trump took office -- and the nation’s unemployment rate dropped another tenth of a point to 4.1
percent, the Bureau of Labor Statistics reported on Friday.
But a record number of Americans –
95,385,000 – were not in the labor force in October, and the critical labor
force participation rate dropped four-tenths of a point to 62.7 percent, a
disappointing show, as 76,500 Americans left the civilian labor force.
The previous "not in the labor
force" record of 95,102,000 was set in December 2016, the final full month
of the Barack Obama presidency.
And the labor force participation rate
reached 38-year low of 62.4 percent in September 2015, near the end of Obama's
second term. The participation rate has not improved much since then, although
it had been trending up since May 2017.
In October, the nation’s civilian
noninstitutionalized population, consisting of all people age 16 or older who
were not in the military or an institution, reached 255,766,000. Of those,
160,381,000 participated in the labor force by either holding a job or actively
seeking one.
The 160,381,000 who participated in the
labor force equaled 62.7 percent of the 255,766,000 civilian
noninstitutionalized population.
Employment in food services and drinking
places increased sharply in October, mostly offsetting a decline in September
that largely reflected the impact of Hurricanes Irma and Harvey. Job gains also
occurred in professional and business services, manufacturing, and health care.
Among the major worker groups, the
unemployment rates for adult women (3.6 percent) and Whites (3.5 percent)
declined in October. The jobless rates for adult men (3.8 percent), teenagers
(13.7 percent), Blacks (7.5 percent), Asians (3.1 percent), and Hispanics (4.8
percent) showed little change.
The Bureau of Labor Statistics says job gains have averaged 162,000 over the last 3 months.
The Bureau of Labor Statistics says job gains have averaged 162,000 over the last 3 months.
Norb
Leahy, Dunwoody GA Tea Party Leader
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