Skip to comments.Labor Force Participation in 2013 Lowest in 35 Years
Posted on 03/03/2014 8:06:59 PM PST by Nachum
(CNSNews.com) - The average annual labor force participation rate hit a 35-year-low of 63.2 percent in the United States in 2013, according to data from the Bureau of Labor Statistics (BLS).
The last time the average annual labor force participation rate was that low was in in 1978, when it was also 63.2 percent. Jimmy Carter was president then.
The BLS bases its employment statistics on the civilian noninstitutional population, which consists of all people in the United States 16 or older who are not on active duty in the military or in an institution such as a prison, nursing home or mental hospital. The labor force participation rate is the percentage of people in the civilian noninstitutional population who either had a job or who actively sought one in the previous four weeks.
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Freeper economic experts showing up to defend Obama in 5, 4, 3, 2, 1.......
Yes. He’s transforming the American “ middle class” into poverty and dependency. As planned And we have three more years of this downwards spiral to look forward to As he so widely informed us, elections have consequences. One of which is the welfare office. Get used to it.
Carter must really be upset now that he is the second worst president in history.
All hail KingHussein. 36.8% freed from “job lock”.