Worse than Jimmy Carter

Worse than Jimmy Carter | New York Post:
"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.
.......The BLS reports that a record 90 million Americans eligible for work are sitting on the sidelines.
These workers don’t count as “unemployed,” hence the lower unemployment rate."