[SeekAndFind]

DOES THIS BLS DATA LOOK LIKE A HOT LABOR MARKET?

HOUSEHOLD DATA
Table A-16. Persons not in the labor force and multiple jobholders by sex, not seasonally adjusted

[Numbers in thousands]

Category	Total		Men		Women
	July 2014	July 2015	July 2014	July 2015	July 2014	July 2015
NOT IN THE LABOR FORCE
Total not in the labor force	90,451	92,349	35,503	36,309	54,947	56,041
Persons who currently want a job	6,624	6,446	2,851	2,860	3,773	3,586
Marginally attached to the labor force(1)	2,178	1,927	1,069	1,017	1,108	911
Discouraged workers(2)	741	668	444	377	297	291
Other persons marginally attached to the labor force(3)	1,437	1,259	626	639	811	620
MULTIPLE JOBHOLDERS
Total multiple jobholders(4)	6,787	6,997	3,440	3,602	3,347	3,395
Percent of total employed	4.6	4.7	4.4	4.5	4.9	4.9
Primary job full time, secondary job part time	3,606	3,798	2,028	2,198	1,578	1,600
Primary and secondary jobs both part time	1,743	1,902	628	665	1,115	1,237
Primary and secondary jobs both full time	288	247	204	167	84	80
Hours vary on primary or secondary job	1,099	982	566	537	533	446
Footnotes (1) Data refer to persons who want a job, have searched for work during the prior 12 months, and were available to take a job during the reference week, but had not looked for work in the past 4 weeks. (2) Includes those who did not actively look for work in the prior 4 weeks for reasons such as thinks no work available, could not find work, lacks schooling or training, employer thinks too young or old, and other types of discrimination. (3) Includes those who did not actively look for work in the prior 4 weeks for such reasons as school or family responsibilities, ill health, and transportation problems, as well as a number for whom reason for nonparticipation was not determined. (4) Includes a small number of persons who work part time on their primary job and full time on their secondary job(s), not shown separately.
NOTE: Updated population controls are introduced annually with the release of January data.

[expat_panama]

DOES THIS BLS DATA LOOK LIKE A HOT LABOR MARKET?

The BLS puts out enough data for everyone.  BI uses the 'uneomployment' to show a tight labor market (...there are now 1.5 unemployed workers per job opening, down from 6 in 2009..) and their graph shows hard numbers that are absolutely true and also absolutely misleading.  Problem stems from using the unemployment level which is just the number of employed subtracted from our shrinking workforce.  We need to use the "not-employed" which is the population minus the employed:

Big drop in the unemployed with no drop in the not-employed.