– 88 million out of work and not looking for a job (San Francisco Chronicle, Feb. 9, 2012):
Number of the day
That’s how many working-age Americans don’t have a job and aren’t trying to find one.
The increase in people dropping out of the labor market altogether skews the otherwise-positive unemployment numbers released last week.
While the jobless rate fell to 8.3 percent in January – a three-year low – it doesn’t account for this army of nonworking Americans.
The percentage of people participating in the labor market dropped to 63.7 percent last month, the lowest level since May 1983.