Friday, July 8, 2011

It's a Depression! Labor Force Participation Rate Plunges to 25-Year Low!

from Zero Hedge:

This chart needs no commentary. At 64.1%, the Labor Force Paritipcation rate just dropped to a fresh 25 year low: the civilian labor force declined by 272K from 153,693 to 153,421. And tangentially, the employment to population ratio also slumped to a multi decade low of 58.2%.