THAT IS A STAGGERING NUMBER!
The number of Americans designated as “not in the labor force” in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor. This means that the number of Americans not in the labor force increased 296,000 between January and February.
The Bureau of Labor Statistics (BLS) labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work.
The increase marks the second month in a row, after rising in January from 88.8 million in December. Those not in the labor force had declined in December from 88.9 million in November.
89 million not in the labor force = 29%, give or take, assuming the US population is 310,000,000 + official unemployment 7.7%
DOW CLOSES AT BRAND NEW ALL-TIME RECORD HIGH: Here’s What You Need To Know
Another all-time high for the Dow.
First the scoreboard:
Dow: 14,390, +61.4 pts, +0.4 percent
S&P 500: 1,551, +6.9 pts, +0.4 percent
NASDAQ: 3,244, +12.2 pts, +0.3 percent