Obamanomics.

(CNSNews.com) – The number of Americans not in the labor force increased by 296,000 in February, according to the Bureau of Labor Statistics’ latest jobs report.

According to the report, there were a total of 89.3 million people not in the labor force, up from 89 million in January.

BLS labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work.

The increase marks the second month in a row, after rising in January from 88.8 million in December.  Those not in the labor force had declined in December from 88.9 million in November.

The nation’s unemployment rate decreased to 7.7 percent in February, down from 7.9 percent in January.  Overall unemployment “has shown little movement, on net, since September 2012,” the Labor Department s