Why Are Americans Fleeing The Job Market?

09/05/2010 05:12 am ET | Updated May 25, 2011
  • MATTHEW SCOTT DailyFinance

Are we about to see a wave of Americans giving up on the labor market? The Bureau of Labor Statistics' June jobs report saw the labor market lose 652,000 workers -- a defection so large that it caused the nation's unemployment rate to drop from 9.7% to 9.5%, not because jobs were created, but because the number of people in the workforce declined.

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