A Smaller Labor News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Job creation fell sharply after the recession began, and has not recovered. The government’s response has been largely ineffective.

The American economy is experiencing the slowest recovery in 70 years. In addition to persistently high unemployment, labor force participation has fallen sharply since the recession began in December 2007. Today, 5.7 million fewer Americans are working or looking for work. This drop accounts for virtually the entire reduction of the unemployment rate since 2009—those not looking for work do not count as unemployed.

The workers who have dropped out of the labor force for economic reasons are primarily engaged in collecting disability benefits or studying in school.