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Labor force participation drops to lowest level in 50 years

CNBC Economy says the labor force participation rate fell outside of the Covid era, despite the jobs report showing a lower unemployment rate.

Reported · Written up by our desk · Economy

CNBC Economy reports that the labor force participation rate fell to its lowest level in 50 years outside of the Covid era.

The outlet says the drop in the unemployment rate provided some upside to an otherwise downbeat jobs report, but it was tied to weaker participation.

← Newer storyJune jobs report shows fewer hiring gains, unemployment rate declines

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Sources

CNBC EconomyJob seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of Covid era
CNBC EconomyJob seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of Covid era

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