Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Workforce dropouts may not require a policy fix: Fed's Plosser

[January 15, 2014]  PHILADELPHIA (Reuters) — The droves of Americans dropping out of the work force may not be a problem that needs to be fixed with policies, Philadelphia Fed President Charles Plosser said on Tuesday.

The U.S. labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, fell 0.2 percentage point to 62.8 percent in December, returning to the more than 35-year low hit in October.

(Reporting by Jonathan Spicer; editing by Chizu Nomiyama)

[© 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.