Author Topic: Record Number of Americans Not in Labor Force in June  (Read 303 times)

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Record Number of Americans Not in Labor Force in June
« on: July 03, 2014, 04:26:54 PM »
http://cnsnews.com/news/article/ali-meyer/record-number-americans-not-labor-force-june


Record Number of Americans Not in Labor Force in June
July 3, 2014 - 8:48 AM
By Ali Meyer

(CNSNews.com) - The number of Americans 16 and older who did not participate in the labor force climbed to a record high of 92,120,000 in June, according to data from the Bureau of Labor Statistics (BLS).

This means that there were 92,120,000 Americans 16 and older who not only did not have a job, but did not actively seek one in the last four weeks.

That is up 111,000 from the 92,009,000 Americans who were not participating in the labor force in April.

In June, according to BLS, the labor force participation rate for Americans was 62.8 percent, matching a 36-year low. The participation rate is the percentage of the population that either has a job or actively sought one in the last four weeks.

In December, April, May, and now June, the labor force participation rate has been 62.8 percent.

Before December, the last time the labor force participation rate sank as low as 62.8 percent was in February 1978, when it was also 62.8 percent. At that time, Jimmy Carter was president.

At no time during the presidencies of Ronald Reagan, George H.W. Bush, Bill Clinton or George W. Bush, did such a small percentage of the civilian non-institutional population either hold a job or at least actively seek one.

While the number of Americans not in the labor force increased, the unemployment rate dropped -- from 6.3 percent in April to 6.1 percent in June.

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Re: Record Number of Americans Not in Labor Force in June
« Reply #1 on: July 03, 2014, 04:30:04 PM »
Obama: 'Enormous strides' on jobs

http://thehill.com/policy/finance/211300-obama-enormous-strides-on-jobs

By Vicki Needham - 07/03/14 01:54 PM EDT

President Obama leaned on Thursday’s strong jobs report to push for infrastructure spending, immigration reform and an increase in the minimum wage to bolster economic growth.

Obama, who has more vociferously attacked congressional Republicans in recent days, reiterated his intentions to do what he can through executive actions, and said the lack of legislative movement on Capitol Hill is holding the economy back.

“It’s really important for us to understand that we could be making even stronger progress, we could be growing even more jobs, we could be creating even more business opportunities for smart, talented folks … if those of us here in Washington were focused on them, focused on you, the American people, rather than focused on politics,” he said Thursday.

Obama made an unscheduled stop to a tech startup in Washington to trumpet a jobs report released Thursday morning that found the economy added 288,000 jobs in June, pushing the unemployment rate down to 6.1 percent. That’s the lowest jobless since September 2008, when the financial crisis began.

“We have not seen more consistent job growth since the ’90s,” Obama said, referencing the boom years under former President Clinton.

“It should be a useful reminder to people all across the country that given where we started back in 2008, we have made enormous strides, thanks to the incredible hard work of the American people and American businesses that have been out there competing, getting smarter, getting more effective,” he said.

Despite the expressions of confidence, the White House says it is concerned about the ability of the long-term unemployed to find work and the lack of substantial wage growth.

“Historically, financial crises take a longer time to recover from,” Obama said. 

“We've done better than the vast majority of other countries over the last five years, but that drag has still meant a lot of hardship for a lot of folks,” Obama said.

Obama reiterated his calls for action on equal pay and affordable child care, and repeatedly said the economy is headed in the right direction.

“So my hope is, is the American people look at today’s news and understand that, in fact, we are making strides.”   

“But we can make even more progress if Congress is willing to work with my administration and to set politics aside, at least occasionally, which I know is what the American people are urgently looking for.”

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Re: Record Number of Americans Not in Labor Force in June
« Reply #2 on: July 03, 2014, 04:30:53 PM »
http://cnsnews.com/news/article/michael-w-chapman/black-unemployment-107-more-double-white-unemployment-53


Black Unemployment 10.7%, More Than Double White Unemployment 5.3%
July 3, 2014 - 12:08 PM
By Michael W. Chapman

(CNSNews.com) – The unemployment rate for black Americans is more than double that of white Americans, according to the latest data from the Bureau of Labor Statistics (BLS).

In the numbers released today, covering the month of June, the seasonally adjusted unemployment rate for black Americans age 16 and over was 10.7%, reported the BLS. The unemployment rate for white Americans in the same age group and time-frame was 5.3%, said the BLS.

10.7% is more than double 5.3%.
According to the Census Bureau, blacks comprise 13.1% of the U.S. population and whites comprise 77.9% of the population.

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