Friday, February 4, 2011

Percentage of People Working Lowest Since the Early 1980s


So says CalculatedRiskBlog here:

[T]he participation rate declined to 64.2% - a new cycle low, and the lowest level since the early '80s. Note: This is the percentage of the working age population in the labor force . . .. The participation rate has now fallen 2 percentage points during the recession - a huge decline.