Labor Participation Rate Drops To Lowest Since 1978; People Not In Labor Force Rise To Record

[Vigilante]

Complete headline: Labor Participation Rate Drops To Lowest Since 1978; People Not In Labor Force Rise To Record 92.3 Million It is almost as if the Fed warned us this would happen. In a note released yesterday, a Fed working paper titled "Labor Force Participation: Recent Developments and Future Prospects", looked at the US labor force and concluded that "while we see some of the current low level of the participation rate as indicative of labor market slack, we do not expect the participation rate to show a substantial increase from current levels as labor market conditions continue to improve."...

Labor Participation Rate Drops To Lowest Since 1978 People Not In Labor Force Rise To Record 92.3 Million Zero Hedge