Americans’ Participation in Labor Force Hits 35-Year Low


obama1The percentage of American civilians 16 or older who have a job or are actively seeking one dropped to a 35-year low in October, according to the Bureau of Labor Statistics.

In September, the labor force participation rate was 63.2 percent, but in October it dropped to 62.8 percent-the lowest it has been since February 1978, when Jimmy Carter was president.

The labor force, according to BLS, is that part of the civilian noninstitutional population that either has a job or has actively sought one in the last four weeks. The civilian noninstitutional population consists of people 16 or older, who are not on active-duty in the military or in an institution.

At no time during the presidencies of Ronald Reagan, George H.W. Bush, Bill Clinton or George W. Bush, did such a small percentage of the civilian non-institutional population either hold a job or at least actively seek one.

Read more at CNS NEWS.COM.

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