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The fact that US laobr force participation rate has dropped to the lowest level in 50 years - which most seem to attribute to “people giving up on getting another job” - may also help explain why so many people feel bad about the economy.

cnbc.comJob seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of Covid eraA drop in the unemployment rate helped provide some upside to what was an otherwise downbeat jobs report — but it was for all the wrong reasons.

Is it age adjusted? LFPR has been dropping for well over a decade despite it rising within age cohorts for some time because people are getting older. Prime age (25-54) doesn't look that down.