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On Friday, the Labor Department reported that the economy gained just 142,000 jobs in August. The number was a big disappointment, as economists had been expecting a gain of around 230,000. The unemployment rate for the month was unchanged at 6.1%.

Friday's report snaps a 6-month streak of monthly job gains above 200k. It should also put to rest any belief that the economy is finally posed for an economic "breakout" after a very slow first quarter of the year. Scissors-32x32.png

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Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low


CNSNews.com) - A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics.


The labor force participation rate has been as low as 62.8 percent in six of the last twelve months, but prior to last October had not fallen that low since 1978.


BLS employment statistics are based on the civilian noninstitutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison, mental hospital or nursing home.Scissors-32x32.png


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