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Labor Force Participation Rate Drops

Steven PerlbergSep 6, 2013, 18:02 IST

REUTERSThe August nonfarm payrolls report was just released, missing economist expectations.

The labor force participation rate fell to 63.2% from 63.4% the month before.

The American economy added 169,000 nonfarm payrolls in August. Economists were expecting 180,000 new payrolls in this report.

The unemployment rate dropped to 7.3% from 7.4%

The unemployment rate has been steadily dropping for some time now. Labor force participation, which has also steadily dropping, is part of that story.