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Monday, July 6, 2015

U.S. Workforce Participation Rate Won't Return To Its 2007 Level

The release of the latest report on the U.S. job market was underwhelming, and reinforces the thesis that the workforce participation rate in the country won't return to the levels enjoyed in 2007, when it stood at 66 percent.

Data show the number of Americans who have a job or are seeking a job has dropped to a 38-year low of 62.6 percent, down from 62.9 percent last year.

Growth rates confirm this trend is worsening, as job participation growth in 2007 was 1.1 percent, while in 2014 it shrunk to only 0.3 percent.

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