In October 2024, the inactive labor force amounted to about 100.81 million people in the United States. Labor force measures are based on the civilian non-institutional population 16 years old and over. Excluded are persons under 16 years of age, all persons confined to institutions such as nursing homes and prisons, and persons on active duty in the Armed Forces. The labor force is made up of the employed and the unemployed. The remainder — those who have no job and are not looking for one — are counted as "not in the labor force." Many who are not in the labor force are going to school or are retired. Family responsibilities keep others out of the labor force.
Monthly number of inactive labor force of the United States from October 2022 to October 2024
(in millions, seasonally adjusted)
Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends. It is normal to report un-adjusted data for current unemployment rates, as these reflect the actual current situation. Seasonally adjusted data may be used for the longer term comparison. Unlike the trend and cyclical components, seasonal components, theoretically, happen with similar magnitude during the same time period each year. The seasonal component of a series are often considered to be uninteresting in their own right and to cause the interpretation of a series to be ambiguous. By removing the seasonal component, it is easier to focus on other components.
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Bureau of Labor Statistics. (November 1, 2024). Monthly number of inactive labor force of the United States from October 2022 to October 2024 (in millions, seasonally adjusted) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/193210/seasonally-adjusted-monthly-number-of-inactive-labor-force-in-the-us/
Bureau of Labor Statistics. "Monthly number of inactive labor force of the United States from October 2022 to October 2024 (in millions, seasonally adjusted)." Chart. November 1, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/193210/seasonally-adjusted-monthly-number-of-inactive-labor-force-in-the-us/
Bureau of Labor Statistics. (2024). Monthly number of inactive labor force of the United States from October 2022 to October 2024 (in millions, seasonally adjusted). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/193210/seasonally-adjusted-monthly-number-of-inactive-labor-force-in-the-us/
Bureau of Labor Statistics. "Monthly Number of Inactive Labor Force of The United States from October 2022 to October 2024 (in Millions, Seasonally Adjusted)." Statista, Statista Inc., 1 Nov 2024, https://www.statista.com/statistics/193210/seasonally-adjusted-monthly-number-of-inactive-labor-force-in-the-us/
Bureau of Labor Statistics, Monthly number of inactive labor force of the United States from October 2022 to October 2024 (in millions, seasonally adjusted) Statista, https://www.statista.com/statistics/193210/seasonally-adjusted-monthly-number-of-inactive-labor-force-in-the-us/ (last visited November 23, 2024)
Monthly number of inactive labor force of the United States from October 2022 to October 2024 (in millions, seasonally adjusted) [Graph], Bureau of Labor Statistics, November 1, 2024. [Online]. Available: https://www.statista.com/statistics/193210/seasonally-adjusted-monthly-number-of-inactive-labor-force-in-the-us/
