The 86 million invisible unemployed - May. 3, 2012 - 1 views
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population growth
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Emily Hoshi on 01 Jun 12:D?
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labor force is now at its smallest size since the 1980s when compared to the broader working age population.
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Last year, 86 million Americans were not counted in the labor force because they didn't keep up a regular job search. Most of them were either under age 25 or over age 65.
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that doesn't include the millions of nonworking adults who aren't even looking for a job anymore.
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unemployment rate is falling
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A person is counted as part of the labor force if they have a job or have looked for one in the last four weeks.
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63.6% of Americans over the age of 16 fell into that category
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Only people looking for work are considered officially unemployed.
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The unofficially unemployed
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weren't consistently looking for one
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Older people, ages 65 and over, account for more than a third.
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Young people between 16 and 24 make up another fifth.
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unemployed