Dang, it was 58.5% in 1965!!
The unemployment rate is falling, but the share of Americans working keeps falling too - Vox: "If you judge by the unemployment rate, America's labor market seems pretty healthy. Today the Labor Department released new statistics showing that just 5.1 percent of Americans are unemployed. That's unchanged from the previous month and down from more than 10 percent in the depths of the last recession.
But the unemployment rate tells an incomplete story about the state of the labor market. It counts the number of people who are out actively looking for work and not finding it. But it does not include people who — for whatever reason — are not looking for work at all.
But another statistic, the labor force participation rate, gives a comprehensive sense for how many people are working. It shows the fraction of the population over age 16 that is working. And today we learned that this statistic fell to 62.4 percent — the lowest level since 1977."
'via Blog this'
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