USA population is currently 318.9 million so 319 ... officially. Not all of that number are of working age.
According to this source there are 203 million working age persons (people between the ages of 15-64).
https://research.stlouisfed.org/fred2/series/LFWA64TTUSM647S
Of course not all of those of working age want a paid job at a given time. Many are full time caregivers of their children or elderly parents, many are teenagers or young adults in college and some number are disabled, some do unpaid volunteer work, etc. On the flip side, many people are working past age 64 so maybe it evens out.
USA population is currently 318.9 million so 319 ... officially. Not all of that number are of working age.
According to this source there are 203 million working age persons (people between the ages of 15-64).
https://research.stlouisfed.org/fred2/series/LFWA64TTUSM647S
Of course not all of those of working age want a paid job at a given time. Many are full time caregivers of their children or elderly parents, many are teenagers or young adults in college and some number are disabled, some do unpaid volunteer work, etc. On the flip side, many people are working past age 64 so maybe it evens out.
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So, based on those numbers, let’s say a full 25% of those on the bench don’t want to work, and we cheat and use the TOTAL population as our denominator. It’s 24% unemployed.
If we are honest, but say HALF of those on the bench don’t want to work, it’s 25% (50M/203M).
THE FLOOR number - the conservative number for unemployment - all five fingers on the scale - is 25%.
Actual figure is probably 37% (75M/203M).
KEEP IN MIND this does NOT include underemployment, at all.
There’s where your ‘even out’ factor would likely apply. Those underemployed probably offset the ones retired, students in school (how many of those students are on work study or are holding down a part time job to pay the expenses?).
Trump said he saw numbers that indicated the number could be as high as 40%. It could be as high as 55% if you factor in underemployment.
Sorry, but they used to kill horse thieves. What do you to right the wrongs committed by this President and this Congress?
I read somewhere several mos ago that there are about 150 million real workers of working age so 95 million out of work. Not too good.
Regardless.
If this were a (R) administration, you’d have day/night reports of the nearly HALF of possible/working-age Citizens being on food stamps/disablity/SS/etc. (IE: OUT of the work-force); along with the TRUE unemployment figures (Bush was trounced @ ~5%. But I can’t say anything as the man, nor the party, did NOTHING to impede the narrative)
Those #’s are breath-taking.