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By Catholic Online (NEWS CONSORTIUM)

8/3/2014 (7 months ago)

Catholic Online (www.catholic.org)

Eleven million people added to jobless lists in five years

It may have fallen off the radar of many news outlets - but joblessness is still a BIG problem here in the United States. Since President Obama took office in January 2009, 11.4 million Americans 16 years and older have left the workforce, according to data released today from the Bureau of Labor Statistics, or BLS.

The number of Americans not in the labor force dropped only slightly in July, down 119,000 from the 92,120,000 Americans not in the labor force in June.

The number of Americans not in the labor force dropped only slightly in July, down 119,000 from the 92,120,000 Americans not in the labor force in June.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

8/3/2014 (7 months ago)

Published in Business & Economics

Keywords: Jobless, economy, seeking work


LOS ANGELES, CA (Catholic Online) - Last month, there were 92,001,000 Americans who were classified as "not in the labor force." Not only did not have a job, but they didn't actively seek one in the last four weeks.

This number has only increased by 11,472,000 since January 2009 The number of Americans not in the labor force at that time was 80,529,000.

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The number of Americans not in the labor force dropped only slightly in July, down 119,000 from the 92,120,000 Americans not in the labor force in June.

It's bad all around. The participation rate, which measures the percentage of the civilian non-institutional population that participated in the labor force by either having a job or actively seeking one, increased from 62.8 percent in June to 62.9 percent in July.

The number of unemployed Americans increased by 197,000 last month, from 9,474,000 in June to 9,671,000 in July, meaning they did not have a job even though they were actively seeking one.

While the number of unemployed increased in July, so did the number of employed Americans: In June, there were 146,221,000 employed Americans, and that number climbed to 146,352,000 in July, a one-month increase of 131,000.

The unemployment rate increased from 6.1 percent in June to 6.2 percent in July. We're still in a major job slump with no end in sight --

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