Labor Force Participation Rate Falls To Lowest Level Since September 1981

It's not pretty out there. The U.S. labor force participation rate has fallen to the lowest level since 1981. Part of the decline is from baby boomers starting to retire and part the result of a super-regulated economy, which results in fewer firms hiring above current minimum wage levels--combined with government handouts (including student loans) that keep people out of the workforce.

 

 

Average weekly earnings for private non farm payroll
June $810.75
July$809.43
August $809.09
............. just screams housing price bottom, doesn't it?