Job Growth Slows, More Americans Give Up
Though the headline number indicated job creation, the total employment level for the month actually fell 169,000. The disparity likely emanates from a drop in the labor force participation rate — or the level of Americans actively looking for jobs or otherwise employed — from 63.8 percent to 63.6 percent, its lowest level since December 1981.
The level of discouraged workers swelled from 865,000 to 968,000, an increase of 12 percent.
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