95,745,000: Record Number Not in Labor Force as Boomers Retire

 | Susan Jones  05/08/2018 11:27 AM MDT
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(CNSNews.com) - The number of employed Americans has broken eight records since President Trump took office, but on the not-so-sunny side, the number of Americans not in the labor force also keeps increasing, breaking six records since Trump took office in January 2017.

Last month, a record 95,745,000 Americans were counted as "not in the labor force," meaning they are not employed and are not seeking a job, according to the Labor Department's Bureau of Labor Statics. "This category includes retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work," BLS said.

With record numbers of people not in the labor force, the labor force participation rate has remained stubbornly low in recent years.

In April, only 62.8 percent of the non-institutionalized, civilian population over the age of 16 was either working or actively looking for work. This compares with an all-time high of 67.3 percent in the first four months of 2000.

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