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Is the declining labor force a concern?

Jonathan Horn, U-T SAN DIEGO

Friday, May 9, 2014

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Kelly Cunningham, National University System
Answer: YES

Over the past year, half as many San Diegans stopped searching for work and dropped out of the labor force as those that found employment. Across the nation labor force numbers fell by 806,000 just in April, the largest one month decrease since labor statistics have been kept. The labor force participation rate, number of people available and either employed or seeking employment, has fallen to 62.8 percent, the lowest level since March 1978, and appears headed even lower. Every person dropping out of the labor market is one less taxpayer more likely to be dependent upon government support.