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Labor Force Participation Rate Drops

Steven Perlberg   

Labor Force Participation Rate Drops

joe dirt janitor

REUTERS

The 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.

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