A record 92,594,000 Americans were not in the labor force in April while the labor force participation rate matched a 36-year low of 62.8 percent, according to data released today by the Bureau of Labor Statistics.
At the same time, according to BLS, the seasonally adjusted labor force participation rated drop from 63.2 percent in March to 62.8 percent in April, matching a 36-year low. Prior to October 2013, the labor force participation rate had not gone as low as 62.8 percent since March 1978. In the last seven months it has matched that low in three months–October 2013, December 2013 and April 2013.
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