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:

NOW WATCH: Ben Carson isn’t backing down from his theory about the Egyptian pyramids

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.