Economy slows as labor force contracts—again

April 3, 2015, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement responding to the latest economic and jobs numbers:

“This week’s double whammy of bad economic news with the Atlanta Fed’s first quarter growth estimate down to 0 percent and the abysmal jobs report showing only 34,000 more people are working while 277,000 left the labor force effectively puts the brakes on recovery talk. The real question, seven years after the financial crisis, is whether we have begun a slide into a new recession. The malaise that engulfs our labor force has not been seen since the participation rate was 62.7 percent in February 1978, 37 years ago.”

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