What Caused the Crash In the Labor Participation Rate?
January 11, 2014
Workers May Simply Be Giving Up
Zero Hedge notes that the number of Americans in the labor force has dropped to 1978 levels:
The civilian labor force … dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.