562,000 Workers Drop Out Of The Labor Force As Participation Rate Resumes Drop

by Tyler Durden
ZeroHedge.com
05/06/2016

The number of Americans not in the labor force soared by a whopping 562,000 in April, pushing the grand total of people not in the labor force almost back to record highs over 94 million. As a result, the participation rate, which recently had climbed to 63% or the highest since early 2014, has once again resumed its downward slope with the April print down to just 62.8% as the poor labor and demographic conditions once again emerge as a key driver within the US workforce.

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