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.
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9 comments:
gonna keep dropping. The price of cheap imports, a generation ill prepared for globalization, and an aging population.
That's a stupid number, and we all know it.
Publish the number of 18-65 year olds who are willing and able to work vs. actually employed FULL TIME.
That number will give us the real unemployment rate.
Quit blowing smoke up my arse.
Wicomico County's workforce has been decimated . . .as SBYnews has published each monthly report for the last several years.
Wicomico is now losing well over a thousand jobs a month and July's workforce number was over 1800 almost reaching 2000 less jobs.
Wicomico County's workforce has been decimated . . .as SBYnews has published each monthly report for the last several years.
Wicomico is now losing well over a thousand jobs a month and July's workforce number was over 1800 almost reaching 2000 less jobs.
The worst since Carter. We all know how that turned out.
Why work when you can get welfare that pays more than most jobs? Let the government take care of you, after all, you are too stupid to know what is best for you...have some more Kool-Aid...this is great for the socialist govt we have with Obama...he wants as many people dependent on the government as possible.
yes 513, this is all about Obama. Has nothing to do with the advent of globalization, reduction in low-skill jobs, and demographics. Sit down clown.
Does anyone know how to read a Population Pyramid? It explains this phenomenon quite easily.
11:17, Oh, God, please enlighten!
7:44 has the answer.
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