October 2019 Bureau of Labor Statistics report 95,269,000 people are not in the in the labor force. Near 30% of the entire US population (350M) do not work. This 95.2M is an important component when looking at the employment in the US.
BLS A-38 Report: https://www.bls.gov/web/empsit/cpseea38.htm
US population grows at a rate that requires 150,000 jobs be created every month. 150K is the key number to remember every month when job numbers are released by the US government.
If less than 150k, economy contracted. Greater than 150k, growth in the economy. =150k then just growing as par. I will explore over the next several posts what the economy may be looking like based on the released number.
If you don't know the 150k rule then you may be misled by the headlines.