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Purveyor

(29,876 posts) Fri Oct 2, 2015, 12:43 PM Oct 2015

Labor Force Participation Sinks To A 38-Year Low [View all]

By Andy Kiersz

Posted Oct. 2, 2015 at 9:56 AM

The September jobs report was broadly disappointing, with very few points of optimism.

Along with non-farm payrolls and wage growth missing expectations, the civilian labor force participation rate — the percentage of the US population that is either working or looking for a job — fell by 0.2 percentage points to 62.4%.

This is the lowest reading since October 1977.

"Last time the participation rate was this low Rod Stewart's "Tonight's the Night" led the charts, "Hotel California" was in the top 20," tweeted Bloomberg chief economist Michael McDonough.

http://www.fosters.com/article/ZZ/20151002/BUSINESS/310029958/14321/ENHANCEDBUSINESS

17 replies

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Highlight:

Labor Force Participation Sinks To A 38-Year Low [View all] Purveyor Oct 2015 OP

The change in labour force participation since the 'recovery' Erich Bloodaxe BSN Oct 2015 #1

Nope. "Discouraged workers" are still at about 0.5% of the population Recursion Oct 2015 #11

Its that new "sharing" economy FlatBaroque Oct 2015 #2

Some places you gotta work for free, even after the internship. Octafish Oct 2015 #6

Kick rec Doctor_J Oct 2015 #3

How much of this is demographic? surrealAmerican Oct 2015 #4

25 to 54 participation has steadily declined since the recession Yo_Mama Oct 2015 #12

And it's over 80% still (nt) Recursion Oct 2015 #16

3% of a demographic this large is millions. Yo_Mama Oct 2015 #17

k/r 840high Oct 2015 #5

How's that "Service Economy" working out for many of us? Quite badly. Dont call me Shirley Oct 2015 #7

Is the service economy a euphemism from nafta, cafta, and now tpp? midnight Oct 2015 #8

Yes. I remember Bill Clinton repeating that we are moving into a service economy. Dont call me Shirley Oct 2015 #13

The 'job creators' found it too much to spend all day between counting their money Rex Oct 2015 #9

Thank God. I'd hate to think our aging population wasn't able to retire Recursion Oct 2015 #10

My mom will be leaving the workforce soon tammywammy Oct 2015 #15

What's the % of people over retirement age track like? People who stay in school past 16? whatthehey Oct 2015 #14