Comment: Labor force at 1978 levels,1M workers drop-out ...in one month!

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SteveMT's picture

Labor force at 1978 levels,1M workers drop-out ...in one month!

Whopping 932,000 Americans Drop Out Of Labor Force In October; Participation Rate Drops To Fresh 35 Year Low
11-8-13
First, the labor force participation rate, which plunged from 63.2% to 62.8% - the lowest since 1978!

The number of people not in the labor force exploded by nearly 1M, or 932,000 to be exact, in just the month of October, to a record 91.5 million Americans!

http://www.zerohedge.com/news/2013-11-08/whopping-932000-ame...