Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

9/6/2013 (1 year ago)

Catholic Online (www.catholic.org)

Bureau says that there are 90,473,000 not in the work force

Many were quick to point out the bitter irony of this past Labor Day - record numbers of Americans, fed up with the bad economy, have simply stopped looking for work. According to the Bureau of Labor Statistics, the number of Americans 16 years or older not participating in the nation's labor force has pushed past 90,000,000 for the first time ever. 

The Bureau of Labor Statistics counts a job participant in the labor force if they are 16 years or older and have either have a job or have actively sought a job in the last four weeks.

The Bureau of Labor Statistics counts a job participant in the labor force if they are 16 years or older and have either have a job or have actively sought a job in the last four weeks.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

9/6/2013 (1 year ago)

Published in Business & Economics

Keywords: Bureau of Labor Statistics, unemployment, baby boomers


LOS ANGELES, CA (Catholic Online) - The bureau counts a job participant in the labor force if they are 16 years or older and have either have a job or have actively sought a job in the last four weeks. To qualify, a person is a non-participant if they are 16 years, or older and have not sought a job in the last four weeks.

According to BLS, 89,957,000 Americans in July were non-participants. In August, that climbed to 90,473,000, a one month increase of 516,000.


When President Barack Obama took office in January of 2009, there were 80,507,000 Americans not in the labor force. Therefore, the number of Americans not in the labor force has increased by 9,966,000 during Obama's presidency.


A reason for this increase in the number Americans not participating in the labor force is due to the Baby Boomers reaching retirement age that have decided to stop working. These figures are not being replaced by an equal number of younger people reaching age 16 and thus becoming part of the BLS labor force population.


It must be stated that the overall percentage of the non-institutionalized population over the age of 16, that is working or seeking to work in the United States, which the bureau calls the employment-population ratio, has declined significantly in recent years.

 
From July to August, it dropped from 58.7 percent to 58.6 percent. In January 2009, when President Barack Obama took office, it was 60.6 percent. It reached an historical peak in April 2000, when it was 64.7 percent.


Watch Catholic Online's most viral videos here!


---


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


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for July 2015
Universal:
That political responsibility may be lived at all levels as a high form of charity.
Evangelization: That, amid social inequalities, Latin American Christians may bear witness to love for the poor and contribute to a more fraternal society.



Comments


More Business & Economics

U.S. hit with price hikes: Apartment rent, restaurant meals and haircut prices are up Watch

Image of Starbucks has increased the price of their coffee from around 5 cents to 20 cents per cup.

By Linky C. (NEWS CONSORTIUM)

Prices of restaurant meals, gym memberships, haircuts and even a cup of coffee are rising in America, as well as apartment rent. American consumers are beginning to feel the financial burden, as the inflation rates in the U.S. start to kick in. MUNTINLUPA, PHILIPPINES ... continue reading


Big name companies demand Planned Parenthood to remove names off list of corporate donors Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Representatives from Coca-Cola, Ford Motor Co. and Xerox openly state they've requested Planned Parenthood to take their company's names out as corporate donors to the controversial organization. MUNTINLUPA, PHILIPPINES (Catholic Online) - Planned Parenthood is now ... continue reading


Gun sales in the United States dramatically boost after massacre shootings Watch

Image of

By Atarah Haely (NEWS CONSORTIUM)

FBI's latest background check data shows the gun industry spiked in sales at about 11 percent last June. There are about 1.53 million background checks done, making it the busiest June ever since the agency started keeping track in 1999, according to CNN. The massive ... continue reading


Microsoft slammed for thousands of layoffs while demanding increase in immigration Watch

Image of

By Atarah Haely (NEWS CONSORTIUM)

About 7,800 Microsoft employees are in line to be fired, according to a company announcement last Wednesday. Most workers are from the seemingly failing mobile phone business, while Microsfot is said to fire a majority of Nokia's remaining employees ever since ... continue reading


Subway and Jared break up after controversial police raid at spokesman's home Watch

Image of Jared Fogle is known for his massive weight loss on a

By Nikky Andres (NEWS CONSORTIUM)

Subway spokesman, Jared Fogle's house was raided by FBI agents and Indiana State Police, two months after the former executive director of Fogle's foundation was arrested with charges of child pornography. MUNTINLUPA, PHILIPPINES (Catholic Online) - In their statement, ... continue reading


'Enough with all the rules' firework industry calls out to Obama Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

This year, more states have allowed people to buy pyrotechnic materials, such as sparklers and Roman Candles. In fact, this year has been wonderful for fireworks manufacturers, since the projected 2015 sales of celebratory explosives are estimated to top $1 billion. ... continue reading


Whole Foods accused of greatly overcharging customers Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Whole Foods, the American foods supermarket chain that specializes in organic goods, has been accused of massive overcharging. The New York City Department of Consumer Affairs explained they have discovered "systematic overcharging for pre-packaged foods" at the city's ... continue reading


Strange and powerful 'boat swallowing' vortex appears in Lake Texoma Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

A strange, giant vortex, estimated to be around 8-feet in diameter, has appeared in Lake Texoma. This occurrence is surprising and perhaps threatening. However, there is an explanation. MUNTUNLUPA, PHILIPPINES (Catholic Online) - Lake Texoma is known as one of the ... continue reading


Is it time to stash money under mattress? 'It's time to hold physical cash,' fund manager says Watch

Image of Ian Spreadbury declined to predict the exact trigger but said it was more likely to happen in the next five years rather than 10.

By Catholic Online (NEWS CONSORTIUM)

Is it time to cash your paycheck and then stick it into a hatbox for a rainy day? According to British fund manager Ian Spreadbury, who invests more than £4 billion of investors' money is gravely concerned that a "systemic event" could rock markets. The upset ... continue reading


In spite of strong showing, Ron Paul predicts Apocalypse on Wall Street Watch

Image of Ron Paul has predicted economic doomsday previously. As stocks continue to make new highs, he remains just as convicted as ever that there

By Catholic Online (NEWS CONSORTIUM)

Things seem to be on an even keel right now but according to former Representative Ron Paul, the Federal Reserve's easy money policies have left stocks and bonds are on the verge of a massive collapse. LOS ANGELES, CA (Catholic Online) - "I am utterly amazed at ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

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

Daily Readings

Reading 1, Numbers 11:4-15
4 The rabble who had joined the people were feeling ... Read More

Psalm, Psalms 81:12-13, 14-15, 16-17
12 So I left them to their stubborn selves, to follow ... Read More

Gospel, Matthew 14:13-21
13 When Jesus received this news he withdrew by boat ... Read More

Saint of the Day

Saint of the Day for August 3rd, 2015 Image

St. Lydia Purpuraria
August 3: Lydia Purpuraria (1st century) was born at Thyatira (Ak-Hissar), ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter