Relevant:
- Whopping 932,000 Americans Drop Out Of Labor Force In October; Participation Rate Drops To Fresh 35 Year Low
- The Employment Rate Has Been Under 59 Percent For 39 Months In A Row
- Nonfarm Payroll +120,000, Unemployment Rate Fell .1 to 8.2%; Record 87,897,000 "Not in Labor Force"
- "Strong Employment" On Back Of Labor Participation Rate Drops At 36 Year Low
- People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels
2012-02-28 — humanevents.com
``Â The workforce is contracting with horrible speed, but it has the beneficial side effect of making the official unemployment rate go down a little, although 8.3 percent is still pathetic... What is the current percentage of working-age Americans, eligible to participate in the civilian labor force, but not currently working? Answer: 36.3 percent. That's the worst labor participation rate in three decades....''
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