Americans Not In Labor Force Hits New Record High: 93,194,000

For the second month in a row, the number of people not in the workforce hit another record high in April, according to jobs data released Friday by the Bureau of Labor Statistics.

April saw the number of people dropping out of the labor force increase from March’s record 93,175,000 to a new record: 93,194,000 people not in the workforce. Continue reading

US loses edge as employment powerhouse

The US is losing its edge as an employment powerhouse, where most people have a job or are looking for one, after its labour participation rate fell behind the UK’s

The labour force participation rate – the proportion of adults who are either working or looking for work – started to decline in the US in 2000 and has plunged since 2008 from 66 to 63 per cent.

Economists have been surprised by the trends, not least because the US labour market has long been seen as one of the most resilient and flexible.

Continue reading