(CNSNews.com) - A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics.
BLS employment statistics are based on the civilian noninstitutional
population, which consists of all people 16 or older who were not in
the military or an institution such as a prison, mental hospital or
In August, the civilian noninstitutional population was 248,229,000
according to BLS. Of that 248,229,000, 155,959,000—or 62.8
percent--participated in the labor force, meaning they either had or job
or had actively sought one in the last four weeks.
Of the 155,959,000 who did participate in the labor force,
146,368,000 had a job and 9,591,000 did not have a job but actively
sought one. The 9,591,000 are the unemployed. They equaled 6.1 percent
of the labor force—or an unemployment rate of 6.1 percent (which was
down slightly from the 6.2 percent unemployment rate in July).
The 146,368,000 people employed in the United States in August was up 16,000 from the 146,352,000 who were employed in July.