Just 47% of Working Age Americans Have Full Time Jobs
Jul 29, 2011 at 12:17 PM
DailyBail in chart, charts and graphs, jobs, jobs, unemployment, unemployment

Charts - Duration of U.S. Unemployment

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Source - Automatic Earth

VK, roving reporter for The Automatic Earth, has been playing with the numbers from the June 7 employment report issued by the U.S. Bureau of Labor Statistics. It seems valuable to look at unemployment from this, a different, angle. Some of it may even surprise you.

The total non institutional civilian labor force (Americans 16 years and older who are not in a institution -criminal, mental, or other types of facilities- or an active military duty) is reported as 238.889 million. Of these, we see: 

Obviously, that can't be the total picture, we're only at 64.4%. This is why:

But the by far largest category "missing" from both the Employed and Unemployed statistics is the "Not In Labor Force": 85.2 Million people.

The BLS definition states: "Not in the labor force (NILF). A person who did not work last week, was not temporarily absent from a job, did not actively look for work in the previous 4 weeks, or looked but was unavailable for work during the reference week; in other words, a person who was neither employed nor unemployed." (Clearly, this does include lot of unemployed people).

To summarize: 108.616 million people in America are either unemployed, underemployed or "Not in the labor force". This represents 45.5% of working age Americans. 

If you count the "Part time employed for non-economic reasons", you get 126.8 million Americans who are unemployed, underemployed, working part time or "Not in the labor force". That represents 53% of working age Americans.

So less than half of U.S. residents have full time jobs, while the official jobless rate is 9.4%.  Something's missing somewhere.

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