The U.S. Bureau of Labor Statistics (BLS) reports that 94 million people in the U.S. over the age of 16 don’t have jobs and are not actively seeking employment.
According to the BLS, 63 million of those are either under 20 years old or over 55 years old. Many people younger than 20 are still in school. Many over age 55 are retired and not looking for work. In addition, an estimated 12 million parents are opting out of the labor market to stay at home to care for their children.
Some of the people who are not in the labor force want to work but have stopped looking for employment because they believe no work is available. The BLS estimated that in March 2008 there were 401,000 people who wanted jobs, but were so discouraged that they had given up looking for work. During the depths of the recession, that number grew to 1.3 million. Today, how many people want work but are discouraged and have stopped looking for work?
A. 1.1 million
Answer: C. According to the most recent BLS data, from this March 2016, 585,000 people age 16 or older want a job but have given up looking for work.