Record number of Amerikans unemployed!
WASHINGTON (PNN) - March 8, 2013 - The number of Amerikans designated as "not in the labor force" in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor. This means that the number of Amerikans not in the labor force increased by 296,000 between January and February.
The Bureau of Labor Statistics (BLS) labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work.
The figures mark the second month of increases in a row, after rising in January from 88.8 million in December. Those not in the labor force had declined in December from 88.9 million in November.
The nation's official but inaccurate unemployment rate decreased to 7.7% in February, down from 7.9% in January. Overall unemployment “has shown little movement, on net, since September 2012,” the Department of Labor said.
Total nonfarm payroll employment increased by 236,000 in February, according to the report.
The actual unemployment rate in the Fascist Police States of Amerika is closer to 25%.