"The jump in the count of those not in the labor force caused the participation rate to drop to 63.7 percent last month, the lowest since May 1983. About 88 million Americans aged 16 years or older didn’t have a job and weren’t trying to find one, the new data showed.
The unemployment rate, which only counts people who say they are actively looking for work, would be higher if some of those sought employment."
Wednesday, February 08, 2012
Jobless Decline Masks Drop in U.S. Labor Force - Bloomberg
Jobless Decline Masks Drop in U.S. Labor Force - Bloomberg: