unemployment

U.S. hidden unemployment of 86 million labor force participation rate is declining

imeigu.com 2012-05-03 Source: Sina Finance original link　
Sina Finance, Beijing time on May 3 evening news, according to CNN, the U.S. unemployment number as many as may be far more than the imagination. Although the official unemployment rate is declining, but that did not calculate the adults that are no longer looking for work, hidden unemployment is a staggering 86 million. Compared with the number of working-age population, the current workforce size is the smallest since the 1980s.

Only-the-job or in the past four weeks to find one of the workers
as the labor force. Labor Department data show that only 64 percent of Americans over the age of 16 belong to this group, labor force participation rate of 1984 the lowest since. This is a worrying sign for economic growth partly explains why the unemployment rate recently why has been declining. Only actively looking for work but have not yet found who was only officially regarded as unemployed.

Last year, over the age of 86,000,016 Americans have neither work, they did not insist on looking for work. (Inclusive) of this part of the population aged over 65 accounted for 1/5; so that young people aged 16-24 accounted for 1/5. More than half without a college degree, more than 2/3 white.

Twelve-year-old young people, many are high school or university, may have retired over the age of 65. But in between 36 million Americans do? In fact, Labor Department data does not explain why they did not work.

Even in the past four weeks have never looked for work, about 600 million people still claiming to want to work. If this part of the crowd all started looking for work, the unemployment rate will immediately exceed 11%.

The decline in labor force participation rate is not a new problem. 67.3% of the peak in 2000, the ratio has been declining. The Chicago Fed is expected to 62.4% in 2020. (Chu ink / compiler)