Labor Participation Rate at 38 year Low

[pablow]

Record 93,626,000 Americans Not In Labor Force; Participation Rate Declines To 62.6%

By Ali Meyer | July 2, 2015 | 8:42 AM EDT
(CNSNews.com) - A record 93,626,000 Americans 16 or older did not participate in the nation’s labor force in June, as the labor force participation rate dropped to 62.6 percent, a 38-year low, according to the Bureau of Labor Statistics.
In June, according to BLS, the nation’s civilian non-institutional population, consisting of all people 16 or older who were not in the military or an institution, hit 250,663,000. Of those, 157,037,000 participated in the labor force by either holding a job or actively seeking one.

Is this why we need more immigrant workers? Do these figures trump the 5.3% unemployment rate? Is "immigration reform" about jobs or votes?

Seems like we have plenty of workers here already.

http://cnsnews.com/news/article/ali...t-labor-force-participation-rate-declines-626

 

[swagsurfer02]

I have a few questions, how many of That 93 million are...

1. Retired/will be in the next 6 months

2. Mentally/physically disabled

3. Full time students

 

[HawktimusPrime]

So people 'looking' for a job count?

 

[Sooner-Be-Dead]

Last month's drop in unemployment and participation was a wash. Participation Rate had been flat for the last year so it's not it's been diving.

A couple million jobs have been added in the last year. I don't buy the discouraged worker theory at this point in the economic cycle. Disqualified workers, maybe.

We know that the participation rate will continue to trend down over the next 20 years as boomers retire.


* Holy crap the app is annoying to post replies on with the ads expanding all the time.

 

[TunzaHawk]

There has to be a significant number of retirees. My folks and in-laws have put in their time, saved and retired. Can't blame them for choosing to no longer work. There would be several million students. Stay at home moms? And those that are so backwards or messed up that no would hire them.

 

[pablow]

Retirees aren't in the labor force. Neither are the disabled.

 

[What Would Jesus Do?]

 

[What Would Jesus Do?]

We know that the participation rate will continue to trend down over the next 20 years as boomers retire.

Yes, and tech advances will probably have an even greater impact. As will the continuing decline of the US as a world power.

That's assuming climate change or terrorists don't get us first.

http://www.theatlantic.com/magazine/archive/2015/07/world-without-work/395294/

 

[ANYCHawk]

I have a few questions, how many of That 93 million are...

1. Retired/will be in the next 6 months

2. Mentally/physically disabled

3. Full time students

1. US estimated 43 million over 65 receive ss. So let's go with that figure.

2. US list 56 million people with some type of disability. But, then again being in a wheel chair doesn't mean you can't work. Let's say its 25 percent (yes it's a number I pulled out my ass but it seems like a decent guess if not on the low side). That's 14 million

3. 14.7 million high school students. So let's use have 7.4 million. (we won't even count full time college students who don't have/can't work)

That's equals 64.4. Let's take that away from 93 million. We're dow to 29 million. (again discounting full time college students). So this is why Labor participation is a really bad indicated of anything. It's a hollow number that's doesn't really tell us anything because so many factors are left out.

 

[pepsicock]

They don't count.

 

[B1GDeal]

All I know is I have seen "now hiring" signs all over the past 6-months. Bus drivers, hotels, bars/restaurants, retail, etc. There is jobs for those who really want to work. You can look through job postings in corridor and lots of good jobs out there.

 

[What Would Jesus Do?]

http://www.washingtonmonthly.com/ma.../the_postownership_society055896.php?page=all

 

[What Would Jesus Do?]

All I know is I have seen "now hiring" signs all over the past 6-months. Bus drivers, hotels, bars/restaurants, retail, etc. There is jobs for those who really want to work. You can look through job postings in corridor and lots of good jobs out there.

Sure there are.

 

[iammrhawkeyes]

1. US estimated 43 million over 65 receive ss. So let's go with that figure.

2. US list 56 million people with some type of disability. But, then again being in a wheel chair doesn't mean you can't work. Let's say its 25 percent (yes it's a number I pulled out my ass but it seems like a decent guess if not on the low side). That's 14 million

3. 14.7 million high school students. So let's use have 7.4 million. (we won't even count full time college students who don't have/can't work)

That's equals 64.4. Let's take that away from 93 million. We're dow to 29 million. (again discounting full time college students). So this is why Labor participation is a really bad indicated of anything. It's a hollow number that's doesn't really tell us anything because so many factors are left out.

Another number just for giggles: Almost 25 million foreign born workers currently employed in the US. This number includes legal and illegal immigrants.

 

[sijoint]

All I know is I have seen "now hiring" signs all over the past 6-months. Bus drivers, hotels, bars/restaurants, retail, etc. There is jobs for those who really want to work. You can look through job postings in corridor and lots of good jobs out there.

http://www.salvilaw.com/legal-services/personal-injury-lawyers/?gclid=CI79jKSiv8YCFUIbgQodGFQM-w
Guess which party they support?

 

[cigaretteman]

All I know is I have seen "now hiring" signs all over the past 6-months. Bus drivers, hotels, bars/restaurants, retail, etc. There is jobs for those who really want to work. You can look through job postings in corridor and lots of good jobs out there.

That's certainly true in the Iowa City/Cedar Rapids Corridor. May unemployment in Johnson County stood at 2.4%

http://iwin.iwd.state.ia.us/pubs/etables/unemploymentrates.pdf

 

[Lone Clone]

That's certainly true in the Iowa City/Cedar Rapids Corridor. May unemployment in Johnson County stood at 2.4%

http://iwin.iwd.state.ia.us/pubs/etables/unemploymentrates.pdf

Yeah, that's where I live, and there are lots of jobs open. Moreover, you can tell there's a labor shortage because the quality of employee in the entry-level jobs is as bad as I can remember. Getting a burger at McDonald's is an adventure these days.

 

[Lone Clone]

I have a few questions, how many of That 93 million are...

1. Retired/will be in the next 6 months

2. Mentally/physically disabled

3. Full time students

If you limit it to people age 15-64, you come up with about 47 million out of a potential work force of 204 million not working. That would be a "true" unemployment rate of about 23%, but it's actually worse than that because it assumes none of the people who ARE working are over 64 -- obviously not the case.

HOWEVER.....this number is meaningless out of context. You have to go back and see what the numbers have been using the same criteria in past year, and frankly, I'm not going to bother.