CHART OF THE DAY: labour Force Participation Rate Falls To Lowest Level Since September 1981

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The overall jobs market was weak for August, and this number will get a lot of attention.

The labour force shrunk by 367K and the participation rate has fallen to its lowest level since September, 1981.

This is a combination of two things:

  • The weak economy: People are giving up.
  • Demographics: People are getting older and retiring.

Either way, it’s quite startling.

Click here for more details from the report >

chart of day, us labour participation force, september 2012