1.2 million people dropped out of the labor force in one month.
That's how.
The civilian labor force is now at a 30-year low of 63.7%.
We did see some more hiring last month, but the real reason the rate dropped is because so many just left the workforce entirely.
“The civilian labor force is now at a 30-year low of 63.7%.”
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That is the actual relevant figure, what is the formula for determining that number.