Labor force participation rate hit a 35-year-low of 63.2%

By Ali Meyer at CNSNews:

The average annual labor force participation rate hit a 35-year-low of 63.2 percent in the United States in 2013, according to data from the Bureau of Labor Statistics (BLS). 

The last time the average annual labor force participation rate was that low was in in 1978, when it was also 63.2 percent. Jimmy Carter was president then. 

The BLS bases its employment statistics on the civilian noninstitutional population, which consists of all people in the United States 16 or older who are not on active duty in the military or in an institution such as a prison, nursing home or mental hospital.  The labor force participation rate is the percentage of people in the civilian noninstitutional population who either had a job or who actively sought one in the previous four weeks. 

The 63.2 percent average annual labor force participation rate for 2013 means that in the average month of 2013 only 63.2 percent of the civilian noninstitutional population held a job or actively sought one. ...