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U.S. Employment Rate Near 30-Year Low

By: CNN
By: CNN

According to the U.S. Bureau of Labor Statistics, the number of adult Americans holding down a job is near a 30-year low.

Analysts say the last time the rate was this low was back in 1983.

As of April, about 59 percent of the population over age 16 had a job.

Analysts say the employment rate is unlikely to improve any time soon.

The U.S. adult population grows by about 200,000 people each month. In the last 12 months, the economy has added an average of 173,000 jobs monthly.


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