(CNSNews.com) – The Labor Department’s Bureau of Labor Statistics announced on Friday that 100,450,000 people in this country were not in the labor force in October, up 38,000 from the 100,412,000 in September.
This is the 14th straight month that this “not in the labor force” number has remained above 100,000,000.
Persons who are neither employed nor unemployed are not in the labor force. This category includes retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work.
Global Food Prices Are Getting Closer to a Record High
(Bloomberg) — Global food costs jumped last month, extending a march toward a record and piling more inflationary pressure on consumers and governments.
A United Nations index tracking staples from wheat to vegetable oils climbed 3% to a fresh decade high in October, threatening even higher grocery bills for households that have already been strained by the pandemic. That could also add to central banks’ inflation worries and risks worsening global hunger that’s at a multiyear high.