94,708,000: Record Number of Americans Not in Labor Force

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unemployment-line-AP

– June 3, 2016

There were 94,708,000 Americans not participating in the labor force in May, an increase of 664,000 individuals from the previous month, according to data from the Bureau of Labor Statistics released Friday.

The figure for “Americans not in the labor force” counts individuals who do not have a job and did not actively seek one in the past four weeks.

The labor force participation rate, which is the percentage of the population that has a job or actively looked for one in the past month, declined from 62.8 percent in April to 62.6 percent in May.

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