BLS Employment Situation: reports that 93,770,000 people (16 and older) were neither employed last month nor had made specific efforts to find work in the prior four weeks.

BLS Employment Situation: reports that 93,770,000 people (16 and older) were neither employed last month nor had made specific efforts to find work in the prior four weeks.

The BLS reports that 93,770,000 people (16 and older) were neither employed last month nor had made specific efforts to find work in the prior four weeks.

The number of people outside the workforce in July increased 144,000 over June’s record when 93,626,000 were not in the workforce.

July’s labor force participation rate however remained the the same as June at 62.6 percent. Before last month the labor force participation rate had not been that low since October 1977, when the participation rate was 62.4 percent.

[...]

http://www.breitbart.com/big-government/2015/08/07/record-93770000-americans-not-in-labor-force/

Baby Boomers' Impact on Participation Rate Big, Expected

http://www.usnews.com/news/articles/2014/07/17/baby-boomers-are-a-big-part-of-labor-participation-rate-decline

Aging baby boomers, those Americans born between 1946 and 1964, account for approximately half of the drop in the labor force participation rate since 2007, according to a report released Thursday from the White House Council of Economic Advisers.