Unemployment 4.6%? :) New Record: Americans Not in Labor Force Breaks 95 Million for First Time

Via Billy

446,000 more individuals stayed out of the labor force this month than last

The “real” unemployment rate, otherwise known as the U-6 measure, was 9.3 percent in November, which declined from 9.5 percent in the previous month.

The number of Americans not participating in the labor force hit a new record in November, exceeding 95 million for the first time, according to the latest numbers released by the Bureau of Labor Statistics.

In November, there were 95,055,000 Americans not in the labor force, an increase of 446,000 people from the previous month.

The bureau counts those not in the labor force as people who do not have a job and did not actively seek one in the past four weeks.

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