Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

5/4/2012 (3 years ago)

Catholic Online (

As only those looking for work are tallied, 86 million who have given up aren't counted

The downside to the drop in unemployment, analysts say, is that many people in the U.S. have stopped looking for work altogether. In order to factor into statistics, a person is only considered employed if they have a job or have looked for one in the last four weeks. Only about 64 percent of Americans over the age of 16 currently fall into that category, according to the Labor Department, the lowest labor force participation since 1984.

Accounting for the 'invisibly unemployed' is the fact that many of the teens and 20-somethings may be enrolled in either high school or college full-time. And many of the over 65 crowd are usually retired.

Accounting for the "invisibly unemployed" is the fact that many of the teens and 20-somethings may be enrolled in either high school or college full-time. And many of the over 65 crowd are usually retired.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

5/4/2012 (3 years ago)

Published in Business & Economics

Keywords: Unemployed, demographics, job searches, old people, teens

LOS ANGELES, CA (Catholic Online) - There are far more jobless people in the United States than previously thought. It's estimated that there are millions of nonworking adults who aren't even looking for a job anymore with hiring unable to keep up with population growth.

The U.S. labor force is now at its smallest size since the 1980s when compared to the broader working age population.

"We've been getting some job growth and it's been significant, but it hasn't yet been strong enough that you start to get people re-engaging in the labor market," Keith Hall, a senior research fellow at the Mercatus Center and former commissioner of the Bureau of Labor Statistics says.

Of those who have given up looking for work, older people, ages 65 and over, account for more than a third. Young people between 16 and 24 make up another fifth. More than half don't have a college degree and more than two thirds are white.

Accounting for this is the fact that many of the teens and 20-somethings may be enrolled in either high school or college full-time. And many of the over 65 crowd are usually retired.

As for the other 36 million folks who fall in between, the Labor Department simply doesn't know. Many may be staying home with children or other relatives. Some may have gone back to school or retraining programs, while others could be disabled and unable to work, and some may have retired early.

"Even in the best of times, there are millions of people who don't want to work for a variety for reasons," Hall says. He suspects that for the majority of "disengaged" Americans is higher than usual as a direct result of the recession.

About six million people claim they want a job, even though they haven't looked for one in the last four weeks. If they were to all start applying for work again, the unemployment rate would suddenly shoot up above 11 percent.

"At this point, the labor market is worse than people realize because people are discouraged. Certainly, a large number of workers have given up on the job market," Hall said.

The decline in labor force participation is not a new problem. After peaking at 67.3 percent in early 2000, the rate has been falling ever since. Researchers attribute a large part of the decline to the recent recession and lackluster recovery, but the other half to long-term demographic trends.


Pope Francis: end world hunger through 'Prayer and Action'

Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2015
That human trafficking, the modern form of slavery, may be eradicated.
Evangelization: That with a missionary spirit the Christian communities of Asia may announce the Gospel to those who are still awaiting it.


More Business & Economics

Three BILLION barrels of excess oil available now - but is this a good thing? Watch

Image of Inflated inventories and oil wealth has spread globally, from the United States to the developed economies of Europe, and now China, according to the agency.


With the price of gas comfortably lower than $3 a gallon at many gas pumps across the land, consumers are enjoying a price break. The reason behind this windfall is largely because there are now more than three billion barrels of excess oil in the world. This ... continue reading

HARD NEWS HEADED FOR EXTINCTION! Filters turning off certain information imperil journalism Watch

Image of Daily newspapers have gone from nearly 1,800 in 1945 to about 400.


Newspapers, along with print media in general is in rapid decline - while Internet news, groomed and curried for special interest groups is on the rise. The fallout is that hard news, presented objectively is in dire threat of virtual extinction. "Opinion ... continue reading

The 'WAR ON CHRISTMAS' continues as Starbucks' new seasonal cups spark public outrage Watch

Image of Starbucks is the center of a mass controversy when it decided to release plain red cups this holiday season instead of its traditional Christmas and general holiday-themed cups (Rozzieland blogs).


When coffee giant Starbucks released red cups in place of their traditionally holiday-themed cups this winter, Arizona-based evangelist Joshua Feuerstein cried bigotry. LOS ANGELES, CA (Catholic Online) - In a Facebook video rant, Feuerstein wrote, "I think in the age ... continue reading

Pretty much all you could ask for from the month of October - unemployment at five percent, new hires Watch

Image of The 271,000 jump in payroll was surprisingly robust, far better than the Labor Department expected last week.


"It was pretty much everything you could ask for in a jobs report," Michelle Meyer, deputy head of United States economics at Bank of America Merrill Lynch says. Unemployment was at five percent and there were significant job hires for the month of October. ... continue reading

Invest as a Catholic - without selling your soul! Watch

Image of

By Kevin Jones (CNA News)

For Catholics who want to invest in a retirement plan but hesitate for fear of unintentionally supporting causes contradicting their faith, a financial advisor group is now offering a new option. Washington D.C. (CNA) - "We'd like to see every Catholic organization ... continue reading

SOMETHING IS BREWING: Agreement could lead to biggest beer deal - and top five business deals EVER Watch

Image of The prevailing trend among younger beer drinkers is for smaller, more specialized labels from independent breweries. In response, bigger beer brands are struggling to hold on to their market share.


Something big is brewing in the world of brew. AB InBev or Budweiser is offering SABMiller shareholders $67.59 per share. The maker of Miller Lite, Pilsner Urquell and Peroni, this represents a premium of roughly 50 percent over the share price. The agreement, ... continue reading

Overworked Wall Street employees experience seizures, are hospitalized, and have died Watch

Image of John Hughes in Thomas' bedroom (Damon Winter).


Wall Street has always been a very demanding place to work and with recent work-related deaths, it seems that Wall Street must find a way to provide work-life balance to its employees.  NEW YORK CITY, NY (Catholic Online) - Thomas Hughes was a 29-year-old ... continue reading

7 ways to bring your family out of debt Watch

Image of


There are a lot of ways the improper handling of finances can jeopardize you and your family. The cost-of-living continues to get higher yet your income doesn't. How can you make ends meet? LOS ANGELES, CA (Catholic Online) - Fear not! You can regain control of your ... continue reading

3 easy ways to save money and pay off debt Watch

Image of


Work and play, earn and spend -It's the way the economy survives, but what about your survival? If you're having trouble saving money, don't have a dedicated savings account or just don't know how to stop spending, you may have a problem. LOS ANGELES, CA (Catholic ... continue reading

Is the stock market in trouble? Historical market turndowns following papal visits Watch

Image of Papal visits versus the stock market were reviewed.


As Pope Francis visits the United States, historical data of visits from his predecessors to the United States were linked to several market downturns in the US. MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - Pope Francis made his historical visit to the United ... continue reading

All Business & Economics News


Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • Opium, heroin or cocaine: What drug is YOUR country known for?
  • Parents' Prayer For Their Children HD Video
  • Prayer For Faith HD Video
  • St. Eligius: Saint of the Day for Tuesday, December 01, 2015
  • 'Body lifted from the ground': Young Central American woman dies ...
  • Daily Readings for Tuesday, December 01, 2015
  • Pope Francis does the unthinkable following emotional tragedy in ...

Daily Readings

Reading 1, Isaiah 11:1-10
1 A shoot will spring from the stock of Jesse, a new shoot will grow from ... Read More

Psalm, Psalms 72:1, 7-8, 12-13, 17
1 [Of Solomon] God, endow the king with your own fair judgement, the son ... Read More

Gospel, Luke 10:21-24
21 Just at this time, filled with joy by the Holy Spirit, he said, 'I ... Read More

Saint of the Day

Saint of the Day for December 1st, 2015 Image

St. Eligius
December 1: Eligius (also known as Eloi) was born around 590 ... Read More