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Employment rate nearing 30-year low - Live5News.com | Charleston, SC | News, Weather, Sports

Employment rate nearing 30-year low

American adult unemployment is reaching a 30-year low, according to analysts. (Source: CNN) American adult unemployment is reaching a 30-year low, according to analysts. (Source: CNN)

(CNN) – The number of adult Americans holding down a job is still near a 30-year low.

Nearly 58.6 percent of the population over the age of 16 years old had a job as of April 2013, according to the U.S. Bureau of Labor Statistics.

The last time the numbers were this low was in 1983.

Analysts say the "employment rate" – a ratio of employment to the adult population – is unlikely to improve anytime soon.

The U.S. adult population grows by nearly 200,000 people each month. In the last 12 months, the economy has added an average of 173,000 jobs monthly.

The jobs report for May 2013 is set to be released Friday.

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