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 September 1, 2023 depicting data through August 2023, is 99.164 million people (Not Seasonally Adjusted):
Data Source: U.S. Bureau of Labor Statistics, Not in Labor Force [LNU05000000], retrieved from FRED, Federal Reserve Bank of St. Louis; accessed September 1, 2023:
https://fred.stlouisfed.org/series/LNU05000000
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 4515.45 as this post is written