By Susan Jones | November 4, 2016 | 8:42 AM EDT
(CNSNews.com) - In its final report before next week's presidential election, the Obama administration said on Friday that 94,609,000 Americans are not in the labor force, 425,000 more than last month's 94,184,000, and the second highest number on record.
The labor force participation rate dropped a tenth of a point to 62.8 percent. In other words, 62.8 percent of the non-institutionalized, civilian population over the age of 16 is either employed or are actively looking for work, while the other 37.2 percent is not working or even looking.
The number of employed people dropped 43,000 to 151,925,000; and the number of unemployed people dropped by an even greater amount, 152,000 -- to 7,787,000.
The October unemployment rate was 4.9 percent, down a tenth of a point from September.
more
http://www.cnsnews.com/news/article/susan-jones/americans-not-labor-force-participation-rate-risesdrops
