“Not In Labor Force” Statistic – As Of March 2023

In the November 13, 2013 post (“Not In Labor Force Statistic“) I featured editorial commentary from the Wall Street Journal, as well as an accompanying long-term chart, with regard to the number of people not working.

Also, on February 9, 2015 I wrote another post titled “Unemployment And The ‘Not In Labor Force’ Statistic,” in which I discussed various facets of this measure.

Below is an updated chart regarding this statistic.  The current figure, last updated on March 10, 2023 depicting data through February 2023, is 99.934 million people (Not Seasonally Adjusted):

Not In Labor Force 99.934 million

Data Source: U.S. Bureau of Labor Statistics, Not in Labor Force [LNU05000000], retrieved from FRED, Federal Reserve Bank of St. Louis; accessed March 10, 2023: 


The Special Note summarizes my overall thoughts about our economic situation

SPX at 3912.59 as this post is written