HOW’S THAT HOPEY-CHANGE STUFF WORKIN’ OUT FOR YA? (CONT’D): People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981. “It is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000. This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.”
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.