Today’s nonfarm payrolls number was well below expectations. It came in at 88,000 versus the 190,000 predicted by market economists.
Yet the unemployment rate still ticked down to 7.6 percent from 7.7 percent last month.
The explanation: the labor force participation rate fell to 63.3 percent, its lowest level since 1979.
The chart below shows the decline.
Cognition Emission 
” … and the labor force participation rate is at a 30-year low, is trending downward, and has been so for decades?”
That’s not what the graph says. The downward trend is mostly in the 21st Century.
Not even the 21st century…almost entirely since 2009.