Labor Force Participation Rate Remains at 38-Year Low

94,513,000 Americans not in labor force in October

BY:

The percentage of Americans who participated in the nation’s labor force in October remained at a 38-year low, according to data released Friday by the Bureau of Labor Statistics (BLS).

The participation rate, the percent of the population who participated in the labor force by either having a job or actively seeking one in the past four weeks, remained steady at 62.4 percent in October. This metric has not been this low since October 1977—a span of 38 years.

There were 94,513,000 Americans 16 or older who did not participate in the labor force in October, which dropped from the 94,610,000 Americans who didn’t participate in September. These are individuals who did not have a job and did not actively seek one in the past four weeks.

The unemployment dropped from 5.1 percent in September to 5.0 percent in October. This measure does not account for those individuals who have dropped out of the labor force. The unemployment rate measures the percentage of those who did not have a job but actively sought one over the month.

The number of unemployed individuals dropped by 7,000 in October and the number of employed individuals grew by 320,000.

Ali Meyer

Ali Meyer   Email Ali | Full Bio | RSS
Ali Meyer is a staff writer with the Washington Free Beacon covering economic issues that expose government waste, fraud, and abuse. Prior to the Free Beacon, she was a multimedia reporter with CNSNews.com where her work appeared on outlets such as Drudge Report and Fox News. She also interned with the Heritage Foundation and Pacific Research Institute. Her Twitter handle is @DJAliMeyer, and her email address is meyer@freebeacon.com.

×
THE MORNING BEACON DAILY NEWSLETTER
MAKES IT EASIER TO STAY INFORMED
Get the news that matters most to you, delivered straight to your inbox daily.

Register today!
  • Grow your email list exponentially
  • Dramatically increase your conversion rates
  • Engage more with your audience
  • Boost your current and future profits