A record 92,584,000 Americans 16 and older did not participate in the labor force in September, as the labor force participation rate dropped to 62.7 percent, a level it has not seen in 36 years, the Bureau of Labor Statistics reported on Friday. Six times in the last twelve months, the participation rate has been as low as 62.8 percent; but Septembers 62.7 percent is the lowest since February of 1978. The participation rate is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job or actively seeking one. Those not in the labor force are those who not only did not have a job, but they did not actively seek one in the last four weeks. cnsnews/news/article/ali-meyer/record-92584000-not-labor-force-participation-hits-36-year-low
Posted on: Fri, 03 Oct 2014 20:34:37 +0000
Trending Topics
Recently Viewed Topics
© 2015