94,391,000 Americans Out of the Labor Force in August

Initial claims for US unemployment fell to 262,000 for the week ending August 13, down 4,000 from the week before
AFP

The United States labor force participation rate rose by 58,000 in August, according to statistics released by the Labor Department on Friday.

That leaves a total of 94,391,000 Americans not in the work force, unchanged from July’s 62.8 percent.

The national unemployment rate also remained unchanged at 4.9 percent, as the United States economy added only 151,000 jobs.

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The number is down slightly from what economic analysts estimated would be 175,000 new jobs with an unemployment rate of 4.8 percent.

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