Only 47% of Working Age Americans Have Full Time Jobs

Business Insider April 4, 2011

By Ilargi on The Automatic Earth.
VK, roving reporter for The Automatic Earth, has been playing with the numbers from the January 7 employment
report issued by the U.S. Bureau of Labor Statistics. It seems valuable to look at unemployment from this, a
different, angle. Some of it may even surprise you.
The total non institutional civilian labor force (Americans 16 years and older who are not in a institution -criminal,
mental, or other types of facilities- or an active military duty) is reported as 238.889 million. Of these, we see:
Employed: 139.206 million people (58.3% of labor force)
Unemployed: 14.485 million people (6.1% of labor force)
Obviously, that can't be the total picture, we're only at 64.4%. This is why:
Part time employed for economic reasons: 8.931 million people. This concerns people who want a
full-time job but can't get one.
Part time employed for non-economic reasons: 18.184 million people. Non-economic reasons
include school or training, retirement or Social Security limits on earnings, but also childcare problems and
family or personal obligations.
But the by far largest category "missing" from both the Employed and Unemployed statistics is the "Not In Labor
Force": 85.2 Million people.
The BLS definition states: "Not in the labor force (NILF). A person who did not work last week, was not temporarily
absent from a job, did not actively look for work in the previous 4 weeks, or looked but was unavailable for work
during the reference week; in other words, a person who was neither employed nor unemployed." (Clearly, this does
include lot of unemployed people).
To summarize: 108.616 million people in America are either unemployed, underemployed or "Not in
the labor force". This represents 45.5% of working age Americans.
If you count the "Part time employed for non-economic reasons", you get 126.8 million Americans who are
unemployed, underemployed, working part time or "Not in the labor force". That represents 53% of working age
Americans.
So only 47% of working age Americans have full time jobs. While the official unemployment rate is 9.4%.
Something's missing somewhere.
A few more factoids on the topic:
Today, the long term unemployed make up 42% of total unemployed. That is to say, of course,
those who are actually counted as unemployed instead of "Not in the labor force".
43.2 million Americans receive foodstamps. That's 18.1% of all working age Americans. If they
all have on average 1.5 dependents, which is probably a reasonable estimate, a full one third of the US
population receives at least part of their food through this system.