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CNSNews: Labor Force Participation in 2013 Lowest in 35 Years

March 04, 2014

Labor Force Participation in 2013 Lowest in 35 Years

By Ali Meyer
March 3, 2014 – 4:20 PM

LABOR%20FORCE%20PARTICIPATION 2013 BLS 1 CNSNews: Labor Force Participation in 2013 Lowest in 35 Years
(CNSNews.com) – The average annual labor force participation rate hit a 35-year-low of 63.2 percent in the United States in 2013, according to data from the Bureau of Labor Statistics (BLS).
The last time the average annual labor force participation rate was that low was in in 1978, when it was also 63.2 percent. Jimmy Carter was president then.

The BLS bases its employment statistics on the civilian noninstitutional population, which consists of all people in the United States 16 or older who are not on active duty in the military or in an institution such as a prison, nursing home or mental hospital. The labor force participation rate is the percentage of people in the civilian noninstitutional population who either had a job or who actively sought one in the previous four weeks. Read more…

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