On Friday, the Labor Department’s Bureau of Labor Statistics announced something conservatives are not shocked by and liberals are in denial that their policies created. “100,450,000 people in this country were not in the labor force in October, up 38,000 from the 100,412,000 in September. This is the 14th straight month that this ‘not in the labor force’ number has remained above 100,000,000” reports CNS News.
1.3 million persons who are not in the labor force claim they were prevented from looking for work due to the coronavirus pandemic. The number is only down slightly from 1.6 million in September.
“The number of people not in the labor force reached a record high of 103,418,000 in April 2020, as the pandemic took hold; and the highest it’s been under President Joe Biden is 100,708,000 this past February.”
In October, the number of all people 16 and older who were not living in an institution such as a prison nursing home or long-term care facility, was 261,908,000. Of that number, 161,458,000 either had a job or were actively seeking a job during the last month.
“This resulted in a labor force participation rate of 61.6 percent in October, the same as September – and only 0.2 points higher than the 61.4 percent when Biden took office,” writes CNS News.
The Trump-era high of labor force participation reached 63.4 percent in January 2020, just before the global coronavirus pandemic began to rear its ugly head. Since June of 2020, the labor force participation rate has been unable to get past a range of 61.4 percent to61.7 percent since June 2020.
“The Congressional Budget Office has noted that a lower labor force participation rate is associated with lower gross domestic product and lower tax revenues. It is also associated with larger federal outlays, because people who are not in the labor force are more likely to enroll in federal benefit programs, including Social Security” reports CNS.
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