Business and Economy People

Trainwreck: 100 Million Americans Are Out of Work

The Grind:
The Labor Department’s Bureau of Labor Statistics announced on Friday that 100,450,000 people in this country were not in the labor force in October, up 38,000 from the 100,412,000 in September.

This is the 14th straight month that this “not in the labor force” number has remained above 100,000,000.

The Details:
Persons who are neither employed nor unemployed are not in the labor force. This category includes retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work.

Among those not in the labor force in October, 1.3 million persons said they were prevented from looking for work due to the pandemic. This measure is down from 1.6 million in September.

The number of people not in the labor force reached a record high of 103,418,000 in April 2020, as the pandemic took hold; and the highest it’s been under President Joe Biden is 100,708,000 this past February. Read more…

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