Conservatives Spin Great Job Numbers Into Really Bad News
Labor Force Participation Remains at 36-Year Low
It goes on to say:
The participation rate, which is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job during the month or actively seeking one, was 62.8 percent in November which matches the percentage since March 1978.
Of course, there could be many reasons for a low labor force participation rate, not the least of which are aging baby boomers, a large segment of the population, who are no longer working. Additionally, this a cyclical result of the recession and near-depression we had in 2008. That’s when participation rate began its drop, and it’s going to take some time to regenerate. Nevertheless, while we now have the best for jobs since 1999, there is a big cloud in that silver lining, the one the right is desperate to find anytime there is good news out of the White House.[su_csky_ad]