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'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2014
Peace:
That the Lord may grant peace to those parts of the world most battered by war and violence.
World Mission Day: That World Mission Day may rekindle in every believer zeal for carrying the Gospel into all the world.



Comments


More Business & Economics

SURVEY: Singapore best country to do business with, for ninth year in a row Watch

Image of The World Bank ranked Singapore tops for the ninth year in a row.

By Catholic Online (NEWS CONSORTIUM)

Conservative and strict - there are heavy penalties for littering, as well as being wildly prosperous, the feisty Asian nation of Singapore has been ranked as the single best nation to do business with, according to the World Bank. The bank ranked Singapore ... continue reading


Is it a sign of impending collapse? Financial savant Warren Buffett loses two billion in stock market Watch

Image of Warren Buffett recently lost $2 billion from investments in Coke and IBM, which have led some to believe that a stock market slowdown might be imminent.

By Catholic Online (NEWS CONSORTIUM)

Warren Buffett, the man known for focusing on long-term investment performance as apposed to making the quick buck, has lost $2 million in investments. LOS ANGELES, CA (Catholic Online) - Buffett owned Berkshire Hathaway investment house has large investments in ... continue reading


Christmas shopping in October? Apparently it's becoming a big deal Watch

Image of Shoppers are already out, despite the fact Halloween hasn't even arrived.

By Catholic Online (NEWS CONSORTIUM)

Shoppers are starting early with October 5 being declared by retailers as "Stock Up Saturday." Consumers are already Christmas shopping which means more of the revenue available to retailers will be harvested earlier in the shopping season. For retailers that choose to ... continue reading


List of Top 20 World Brands - Apple tops Google as world's leading brand for second time in row Watch

Image of The Apple Watch has enjoyed success in numerous fashion circles, featured on the cover of Vogue, among others.

By Catholic Online (NEWS CONSORTIUM)

Apple has topped Google as the world's most valuable brand for the second year in a row. The two companies are the only brands to be valued at more than $100 billion, according to the annual Best Global Brands report. LOS ANGELES, CA (Catholic Online) - ... continue reading


Here they come! China passes U.S. economy based on purchase power Watch

Image of Under President Obama's administration, China may surpass the U.S. economy.

By Catholic Online (NEWS CONSORTIUM)

The International Monetary Fund (IMF) has reported that China has overtaken the United States and is now the world's largest economy, at least based on purchasing power parity (PPP). LOS ANGELES, CA (Catholic Online) - The IMF said that by the end of 2014, China ... continue reading


Rosie the Riveter would cry: Record 55,553,000 women not participating in U.S. workforce Watch

Image of The strides made by women in the workplace sadly isn't reflected in recent job statistics.

By Catholic Online (NEWS CONSORTIUM)

The strides made by women in the workplace seems to have gone up in smoke across the United States. The determined visage of Rosie the Riveter during World War II to women taking the place of men in hard industry - declaring "We can do it!" would certainly shed ... continue reading


400 wealthiest Americans now worth cumulative $2.3 TRILLION Watch

Image of Facebook founder Mark Zuckerberg has finally cracked America's most wealthy top ten at tenth place.

By Catholic Online (NEWS CONSORTIUM)

The rich, indeed get richer -- America's wealthiest are worth more than ever before. The United States' top 400 billionaires are now worth a dazzling $2.3 trillion, according to the latest edition of the Forbes 400. LOS ANGELES, CA (Catholic Online) - It comes ... continue reading


Record debt coupled with slow growth point to economic crisis, Geneva Report says Watch

Image of The Geneva Report says the rapid rise of public sector debt in rich countries and private debt in emerging markets, especially China, may lead to0 fresh economic crisis.

By Catholic Online (NEWS CONSORTIUM)

Record debt and slowing economic growth suggest the global economy could be heading for another crisis, the 16th annual Geneva Report warns. Commissioned by the International Center for Monetary and Banking Studies, the report predicts interest rates across the ... continue reading


Walmart to enter banking world with low-cost checking accounts Watch

Image of Walmart has been eying financial services for some time now.

By Catholic Online (NEWS CONSORTIUM)

Walmart is making its biggest venture into the banking world after several failed attempts in the past. The nation's largest retailer is joining Green Dot, already known for its prepaid payment cards, to supply checking accounts to nearly everyone over 18 years ... continue reading


The Chinese are coming! E-commerce giant Alibaba cleans house with its initial public offering Watch

Image of Chinese e-commerce giant Alibaba has raised more than $21 billion with its IPO, with stocks priced at $68 per share, signaling a strong demand for the tech-giant.

By Catholic Online (NEWS CONSORTIUM)

The Chinese e-commerce giant Alibaba has made the largest U.S.-listed initial public offering (IPO) of all time, with stocks priced at $68 per share, signaling a strong demand. LOS ANGELES, CA (Catholic Online) - Only large investors, like hedge funds, can ... 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, Philippians 1:1-11
1 Paul and Timothy, servants of Christ Jesus, to all ... Read More

Psalm, Psalms 111:1-2, 3-4, 5-6
1 Alleluia! I give thanks to Yahweh with all my ... Read More

Gospel, Luke 14:1-6
1 Now it happened that on a Sabbath day he had gone ... Read More

Saint of the Day

Saint of the Day for October 31st, 2014 Image

St. Wolfgang
October 31: Wolfgang (d. 994) + Bishop and reformer. Born in Swabia, ... 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