By Chris Isidore @CNNMoney August 8, 2011: 3:50 PM ET
NEW YORK (CNNMoney) -- The U.S. labor force is shrinking, as more Americans are giving up hope.
Last month, only 58.1% of Americans age 16 and over were employed, a significant drop from before the recession and the lowest since 1983.
That's especially worrisome to economists, who say a steady increase in those dropping out of the work force and not being counted in the unemployment rate is disguising just how bad the labor market really is.
Full story:
http://money.cnn.com/2011/08/08/news/economy/unemployment_jobs/index.htm
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