Since May, the labor force has dropped to 153.1 million from nearly 155 million, a 1.2 percent decline. More than 660,000 people exited in December, the most in any single month in 14 years.
Had all those people remained in the work force and hunted for jobs, the December unemployment rate would have been 11 percent instead.
Cliock on the following for more details: Economy 101: Dropouts hold down unemployment rate - Freeport, IL - The Journal-Standard
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