The Labor Department that "releases" figures labeled unemployment rates for media hacks and bought and paid for institutional cheerleaders in academia pronounce that the current unemployment rate is 5.5%. There has been much rejoicing at propaganda outlets, primarily to tout the success of official policies. If you use the official numbers, which are certainly suspect, the number of people considered in the labor force (156,906,000) represent only 62.7% of the people who could work (250,080,000), which means that 37.3% of the people who could work (the non-institutionalized population between 16 and 54), don't work. A note: if you are 55 and over and do work then they count you as part of the employable population, but if you don't work, then you are not counted as seeking a job. I and a lot of other people in that category certainly consider themselves wanting and/or needing a job; so this figure is likely low. The number of able people not working has now reached levels equal to those when most women stayed in the home in the 1970s.
So, 57.2% of the working population has a job, 5.5% want to work and are actively seeking a job and 37.3% either have given up looking for a job, are rich enough that they don't need a job or just don't give a shit. As the total working population of people not working increases, it will be telling which of these categories increases the fastest; and their ain't a whole lot of new rich people these days.
http://cnsnews.com/news/article/ali-meyer/americans-not-labor-force-exce...