A record 94,610,000 Americans were not in the American labor force last month — an increase of 579,000 from August — and the labor force participation rate reached its lowest point in 38 years, with 62.4 percent of the U.S. population either holding a job or actively seeking one.
In September, according to the Labor Department’s Bureau of Labor Statistics, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 251,325,000. Of those, 156,715,000 participated in the labor force by either holding a job or actively seeking one.
The 156,715,000 who participated in the labor force equaled only 62.4 percent of the 251,325,000 civilian noninstitutional population. The last time the labor force participation was as low as 62.4 percent was in October 1977.
38 years – and I bet Obama still blames this on Bush…
(H/T: CNSNews)
