NY Post | Worse than Jimmy Carter

Jimmy Carter must be smiling: Another president has finally broken the record he had held for the worst rate of participation in the job market by American workers in modern times.

The Bureau of Labor Statistics’ Friday job numbers show the nation’s “labor force participation rate” — i.e., the percentage of Americans over 16 who have jobs, or are looking for one — dipped to 63.2 percent.

That beats the sad record of 63.4 percent set in 1978, a harbinger of the Carter-era stagflation and malaise to come.

More.



(18853 Posts)

Leave a Reply