Friday, September 2, 2016

94,391,000 Not In Labor Force; Labor Force Participation Stuck at 62.8%

( - Following Thursday's report of manufacturing weakness, the Obama administration on Friday released the August employment numbers, showing little or no improvement from the prior month.
94,391,000 Americans were not in the labor force in August, 58,000 more than July's 94,333,000; and the labor force participation rate was stuck at 62.8 percent, just where it was in July, the Labor Department's Bureau of Labor Statistics reported on Friday.
It was one year ago, in September 2015, that the labor force participation rate dropped to 62.4 percent, its lowest point since 1977. (The best it’s been since Barack Obama took office is 65.8 percent in February 2009, the month after Obama was sworn in amid a recession.) READ MORE