From the LA Times:
Although the jobless rate in June fell from 9.7% in May, that reflected a big drop of 652,000 people in the labor force over the month. The labor force is made up of workers and those actively looking for jobs. With the economic recovery weakening and many employers reluctant to hire, many more unemployed people may have quit looking for work, which would push down the jobless rate.
In fact, the percentage of the overall working-age population that is in the labor force fell last month to 64.7% — near a 25-year low.
/src on/Look at the bright side. Zero wanted to make the US more like Europe and now we are headed to European like labor force participation rates./src off/