That is the first time the number of Americans out of the labor force has exceeded 93 million.
Also from February to March, the labor force participation rate dropped from 62.8 percent to 62.7 percent, matching a 37-year low.
Five times in the last twelve months, the participation rate has been as low as 62.8 percent; but March’s 62.7 percent, which matches the participation rate seen in September and December of 2014, is the lowest since February of 1978. (Read more from “Americans Not in Labor Force Exceed 93 Million for First Time” HERE)
56,131,000 Women Aren’t in Labor Force
By Caroline May. Corresponding with the national increase in Americans not in the workforce the number of women, African Americans, and Asians not in the workforce also experienced an increase in March.
According to data released Friday by the Bureau of Labor Statistics, 56,131,000 million women were not in the labor force last month, an increase of more than 100,000 from February when 56,023,000 women were not in the workforce.
The level is a record high, and the labor force participation for the month of March at 56.6 percent is a 27-year low, according to CNS News. In February that rate for women was 56.7 percent.
People not in the labor force are defined as those 16 years and older who are not employed and have not “made specific efforts to find employment sometime during the 4-week period ending with the reference week.”
The unemployment rate for women did decline, from 5.4 percent to 5.3 percent. (Read more from this story HERE)