USA TODAY: …Released Friday, the government’s report showed the unemployment rate falling to 6.7%. But it estimated the U.S. labor force shrank by 347,000 last month while only 74,000 new jobs were added. Just 62.8% of adults were working or sought jobs, tied for the lowest share since 1978…
About 76% of those leaving the workforce in 2013 last year represented people over age 55 who say they don’t want jobs, the Labor Department estimates…
A decline in “discouraged workers,” who have quit looking because they think they can’t find work, also points to economic confidence, Brookings Institution economist Justin Wolfers said. Discouraged workers have dropped by 151,000 in the last year to 917,000… (more)
