Bottom Line on US Employment, Nov. 2014

See below for US government data as released by the US government, accessed November 2014.
http://census.gov
http://bls.gov

The Officially Reported “National Unemployment Rate” for November 2014 is 5.8%.

Total number of persons employed as of November 2014: ~141 million. If working age persons are those at least 18 years of age and less than 65 years of age, then there are about (76.3% – 13.4% = 62.9%, times 316 million) 199 million people of working age in the US. According to the Bureau of Labor Statistics data, 141 million are working. Thus (199 million – 141 million) 58 million people are not working, that is unemployed. Therefore the real unemployment rate is (58 million divided by 199 million) approximately 29%. If we use all persons between 16 and 65, as the official rate claims, then the situation is worse.

If many of those persons who are employed are “undocumented workers” who are not included in the total population count, then the situation is worse. There were an estimated 20,000,000 “undocumented workers” in the US 10 years ago. Including them in the population would give 161 million (not 141 million) for 78 million (not 58 million) not working or a real unemployment rate of (78 million divided by 221 million) 35.29%.

This does NOT include persons who, technically, are “employed”, but at so little wages that they cannot afford to support themselves or their families.


SOURCES

 http://www.bls.gov/data/

Data extracted on: December 4, 2014 (10:59:47 PM)

From http://www.bls.gov/cps/lfcharacteristics.htm#unemp

Persons are considered unemployed ONLY if they are waiting to be recalled to a job OR they have been actively applying for jobs for the last four weeks. If they gave up five weeks ago, they are no longer considered “unemployed”, just “not working”.

Unemployment

Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work. Persons who were not working and were waiting to be recalled to a job from which they had been temporarily laid off are also included as unemployed. Receiving benefits from the Unemployment Insurance (UI) program has no bearing on whether a person is classified as unemployed.

The Officially sanctioned “national unemployment rate” is 5.8%.

Officially reported National Unemployment Rate: http://data.bls.gov/timeseries/LNS14000000

Series Id:           LNS14000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Rate
Labor force status:  Unemployment rate
Type of data:        Percent or rate
Age:                 16 years and over

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.3 5.4 5.2 5.2 5.1 5.0 5.0 4.9 5.0 5.0 5.0 4.9
2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0
2008 5.0 4.9 5.1 5.0 5.4 5.6 5.8 6.1 6.1 6.5 6.8 7.3
2009 7.8 8.3 8.7 9.0 9.4 9.5 9.5 9.6 9.8 10.0 9.9 9.9
2010 9.7 9.8 9.9 9.9 9.6 9.4 9.5 9.5 9.5 9.5 9.8 9.4
2011 9.1 9.0 9.0 9.1 9.0 9.1 9.0 9.0 9.0 8.8 8.6 8.5
2012 8.2 8.3 8.2 8.2 8.2 8.2 8.2 8.1 7.8 7.8 7.8 7.9
2013 7.9 7.7 7.5 7.5 7.5 7.5 7.3 7.2 7.2 7.2 7.0 6.7
2014 6.6 6.7 6.7 6.3 6.3 6.1 6.2 6.1 5.9 5.8 5.8

Actual unemployed persons are all persons of working age who are not working: 29%

Employment, Hours, and Earnings from the Current Employment Statistics survey (National)
Series Id:     CEU0000000001
Not Seasonally Adjusted
Super Sector:  Total nonfarm
Industry:      Total nonfarm
NAICS Code:    -
Data Type:     ALL EMPLOYEES, THOUSANDS
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2004 128691 129302 130342 131458 132361 132805 131644 131663 132377 133357 133607 133376 131749
2005 130670 131493 132332 133544 134357 135025 133964 134213 134841 135568 136124 135923 134005
2006 133269 134194 135173 136086 136892 137393 136218 136423 137092 137791 138176 138065 136398
2007 135276 135966 136862 137668 138611 139114 137715 137826 138391 139132 139443 139231 137936
2008 136200 136719 137309 137844 138417 138612 137131 137021 137075 137368 136687 135656 137170
2009 131965 131731 131597 131781 132054 131870 130273 130150 130509 131106 131152 130606 131233
2010 127736 128170 129003 130125 131240 131360 130022 130088 130583 131557 131862 131556 130275
2011 128692 129505 130410 131627 132310 132799 131525 131799 132545 133466 133800 133625 131842
2012 131033 131987 132881 133769 134582 134919 133702 134082 134708 135630 136014 135938 134104
2013 133074 134112 134917 135911 136793 137195 136050 136477 137069 138013 138536 138269 136368
2014 135451 136192 137147 138265 139184 139772 138669 139061 139753(P) 140817(P)
P : preliminary

From 2010 Census data, estimated for 2013

2013 Population Estimate (as of July 1, 2013) 316,128,839

From 2010 actual & 2013 AGE data

18 years and over 76.3% +/-0.1
65 years and over 13.4% +/-0.1

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