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Drop in labor participation rate is distress signal | Burlington Free Press | burlingtonfreepress.com
Drop in labor participation rate is distress signal | Burlington Free Press | burlingtonfreepress.com
Friday's jobs report generated much distress in financial markets not
only because employers added just 88,000 jobs in March — less than half
the number expected — but also because the unemployment rate fell for
the wrong reason.
The jobless rate
declined to 7.6% from 7.7% largely because about 500,000 Americans
dropped out of the labor force — meaning they stopped working or looking
for work. The labor force participation rate, or the share of Americans
ages 16 and over in the labor force, fell from 63.5% to 63.3%, a
34-year low.
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