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94,391,000 Americans Out of the Labor Force in August

September 3, 2016

Charlie Spiering

9/2/2016

Source …..

Job FairThe United States labor force participation rate rose by 58,000 in August, according to statistics released by the Labor Department on Friday.

That leaves a total of 94,391,000 Americans not in the work force, unchanged from July’s 62.8 percent.

The national unemployment rate also remained unchanged at 4.9 percent, as the United States economy added only 151,000 jobs.

Work Force Chart

Employment Chart

The number is down slightly from what economic analysts estimated would be 175,000 new jobs with an unemployment rate of 4.8 percent.

2 Comments leave one →
  1. SimplyFred permalink
    September 3, 2016 10:37 am

    I saw Robert Reich on TV when Bill Clinton was in the white house. Reich announced his ‘new’ methods for collecting and tabulating and reporting unemployment statistics. According to Reich: “If you are out for work for six months or more you are taken off the unemployment roles. … The assumption being, you are not looking for work'” That’s how the feds get away with reporting unemployment rates of 5% or less when the real rate is over 30%.

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