Jul 08, 2012 10:10 PM GMT
There was a net decline of 406,000 in the number of Americans age 25 or older with a bachelor’s degree or higher who were working in the United States in June, according to the Bureau of Labor Statistics.
A net of 309,000 in this demographic simply dropped out of the labor force, which means they neither had a job in June nor actively tried to find one, according to BLS.
The number of Americans age 25 or older with a bachelor’s degree or higher who were “unemployed”—meaning they did not have a job but did actively try to find one—increased by 96,000 in June.
According to the new seasonally adjusted numbers that BLS released on Friday, there were 46,355,000 Americans age 25 or older with a bachelor’s degree or higher who held jobs in May. In June, that number fell to 45,949,000—a decline of 406,000.
In May, according to BLS, there had been 48,232,000 Americans with a bachelor’s degree or higher who were in the “labor force”—meaning that they either had a job or were actively seeking one. However, in June, that number fell to 47,923,000—meaning a net of 309,000 college-educated Americans age 25 or older had left the labor force in and were no longer even seeking a job.