“Record 103,415,000 Not in Labor Force; Participation Rate Sinks to 47-Year Low”
May 11, 2020
“The nation’s labor force participation rate reached a 47-year low of 60.2 percent in April, according to the Bureau of Labor Statistics, as the number of people not in the labor force jumped by 6,570,000 to a record 103,415,000.
The participation rate has now dropped 2.5 percentage points since March, and it is the lowest it has been since the 60.0 percent recorded in January 1973…”