Labor Force Participation Rate the Lowest in 31 Years

Over 350,000 less people in the labor force

The overall jobs market was weak for August, and this number will get a lot of attention.

The labor force shrunk by 367K and the participation rate has fallen to its lowest level since September, 1981.

Comments

[Ayn Random Variation]

“The overall jobs market was weak for August, and this number will get a lot of attention.”

No it won’t. All we will hear is how Obama created 100,000 jobs in the past month (so now the 4.5 million meme will be 4.6 million), and how the u.e. rate went down from 8.3% to 8.1%. There will be no mention anywhere about how the population grew more than that, or about something as nuanced as the labor force part. rate.

[Concerned Citizen]

That is correct. His drones on facebook are already declaring his presidency a success. I wish I could dig up their old posts from when W was president and gas prices were this high.

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