Good News: Labor Participation Rate starting to inch upwards....62.9% in July

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The labor force participation rate, held down in part by a wave of Baby Boomer retirements, was 62.9 percent in July, slightly better than it has been in recent months, but still close to its 38-year low of 62.4 percent in September 2015. (The record high ws 67.3 percent in 2000.)

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A few hours later, the Labor Department's Bureau of Labor Statistics said the economy added 209,000 jobs in July; the number of employed people jumped by 345,000 to 153,513,000 in July, setting a third straight monthly record; the number of Americans counted as not in the labor force, meaning they don't have a job and are not looking for one, dropped for a third straight month to 94,657,000; and the nation's unemployment rate also dropped a tenth of a point, to 4.3 percent.

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