Labor Force Participation Rate Declines to 62.8% Matching a Rate When Another Democrat, Jimmy Carter Occupied the Oval Office -Image: Bureau of Labor Statistics
(Market Watch) Companies scaled back hiring in April, adding a mere 160K jobs well below expectations of 203,000 jobs — the labor force participation dipped to 62.8% near a 38 yr low as 362,000 people dropped out of the job force in April
The number of Americans not in the labor force last month totaled 94,044,000 — 562,000 more than in March reports CNS News among major worker groups the jobless rate for Hispanics grew to 6.1% and African-Americans 8.8%
On the 03 May, I wrote here that productivity growth is slowing more than it has since the 1980s as the economy grew at an anemic 0.5% annually according to data released last week by the Dept of Commerce.
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