The US Bureau of Statistics just published their monthly unemployment report for June. The news is not good. There are 14.6 million people in this country who are unemployed.
That's a big number -- but it's just part of the story. Today we're going to examine a smaller number. We're going to talk about the 2.6 million people the Bureau doesn't count.
Within that figure of 2.6 million people, there are 1.4 million folks who dropped out of the job market due to either school attendance or family responsibilities. Therefore, the Bureau doesn't count those 1.4 million people in the total number of unemployed people...and...they're labeled as "marginally attached to the labor force."
Then there's the other 1.2 million people who aren't counted either. They're called the "discouraged" workers.
What's a discouraged worker? It's someone who wanted a job, who was available to work; who had actively looked for a job in the last year -- and then four weeks ago -- concluded there was no job out there for them. So, they gave up. It's a person who isn't looking for work anymore. It's a person who hit the wall. It's a person who is finished. They're done.
The Bureau of Labor lists five reasons for discouraged workers: the person thinks there is no work available, the person could not find work, the person lacks schooling or training, the person is viewed as either too young or too old by the prospective employer, or the person is a target of various types of discrimination.
Legitimate reasons? Maybe. Some of those reasons may be real or perceived. But not counting those 1.2 million people who are discouraged workers isn't real and it doesn't make any sense.
So, let's use a different method of counting the people who are unemployed and discouraged workers.
If you live in Kansas City, Missouri -- you live among the 475,830 who populate that city. If you live in the city of St. Louis, you are among the 354,361 people who live there. If you live in Springfield, you live with 156,205 others. If you live in Columbia, you are among the 102,324 residents there. If you live in Jefferson City, you are part of 40,771 who live there. Throw in St. Joseph, Missouri at 73,990 -- and guess what you have?
You have a total of 1,203,481 people living in those Missouri cities. Another way to say that is -- a little over 1.2 million people.
When you think about that number in a different way -- like in relation to those folks who actually live in those cities -- it becomes less abstract, doesn't it?
There are 1.2 million people who are considered as unemployed "discouraged" workers in our country -- who are not counted in the US Bureau of Labor Statistics report. Whose bright idea was that?
That makes no sense. They are real people -- they are unemployed -- they are discouraged -- and they do count.