A return to Carter

In most recessions, employment participation experiences a moderate drop and then a rebound, but not so in the Obama economy. Here’s an astonishing chart:

Something historically bad has happened. So many people either have been unable to find work, have given up on finding work, or have found that work no longer pays enough to be worth having, that employment participation has reversed three decades of progress and returned to the Carter era.

(Via The Transparency Revolution.)

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