Recovery: Participation Rate in Labor Force Matches 35-Year Low

January 10th, 2014

Via: MarketWatch:


The economy gained a meager 74,000 jobs last month, the weakest result since early 2011, according to government data released Friday morning.

Also not good: The participation rate in the labor force declined one-fifth of a percentage point to 62.8% in December, matching October’s level, which was the lowest since 1978.

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