US labour force participation stays at a 38-year low

October’s jobs report was full of good news, with non-farm payrolls dramatically beating expectations and average hourly earnings growing at a faster rate than at any time since the Great Recession.

Meanwhile, the labour force participation rate remains at its 38-year low, with just 62.4% of American civilians over the age of 16 either working or looking for work:

October 2015 labour force participation rate

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