Connect with us


94 Million Americans Not In Labor Force …




|| By FITSNEWS || The number of working age Americans not participating in the labor force soared by 261,000 in August – pushing the total number of unemployed, out-of-the-workforce citizens to a record 94 million.

You read that right: Ninety-four million working age Americans are not in the U.S. labor force – keeping the nation’s labor participation rate stuck at a four-decade low of 62.6 percent.

Over the last year alone, the number of working age Americans not participating in the labor pool has soared by 1.8 million.  Since the beginning of the “Great Recession” in December 2007, the number has climbed by 14.9 million.

And again, this is assuming you trust the official monthly data (.pdf here) provided by the U.S. Bureau of Labor Statistics (BLS).

Because you’d be forgiven if you didn’t …

Anyway, courtesy of our friends at Zero Hedge, here’s what that looks like in chart form …

(Click to enlarge)

august 2015

(Chart via)

Yeah … yikes.

The “good” news?  Stagnant incomes showed some rare upward motion, with average hourly wages climbing by 0.3 percent from last month.  But before we start popping champagne corks, are wages really going up?

No.  At least not for the vast majority of American workers.

“There are two vastly different pictures emerging when looking at the two key segment of the US labor force: the supervisors, managers and other workers in position of power, and everyone else,” Zero Hedge noted.

So how are the “haves” (a.k.a. the supervisors, managers, etc.) doing?

Pretty good, actually …

(Click to enlarge)

supervisory wages

(Chart via)

One problem though …

These workers – responsible for the August uptick in wage growth – represent only 17.5 percent of our nation’s shrinking workforce.

The other 82.5 percent?  They’re not doing so well …

(Click to enlarge)

non supervisory wages

(Chart via)

Yeah …

For those of you keeping score at home, they’re not even keeping up with inflation.

We hate to rain on the “rainbows and unicorns” (a.k.a. “everything is awesome“) parade, but it’s important to keep these numbers in mind when you read the mainstream media’s take on things …

cnn coverage