The labor force participation rate (LFPR) is 62.4%, its lowest level since 10/77. Its peak was 67.3% in 4/00. Immediately following the Great Recession it was 65.5%. Amazingly, the male LFPR peaked in 10/49 at 87.4% and is now 68.7%, while the female LFPR peaked in 4/00 at 60.3% and is currently 56.4%. These declines have been long-term and ongoing with over half of the post-recession decline due to demographics.