New Job Report Shakes up Stock Market Again!Record 94 Million Americans Not In Labor Force – A record 94,031,000 Americans were not in the American labor force last month — 261,000 more than July — and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the nation heads into the Labor Day weekend. The number of Americans not in the labor force has continued to rise, partly because of retiring baby-boomers and fewer workers entering the workforce. In August, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 251,096,000. Of those, 157,065,000 participated in the labor force by either holding a job or actively seeking one. MORE

Record 56,253,000 Women Not Working… The number of women out of the U.S. labor force reached another record high in August, according to the Bureau of Labor Statistics. The BLS reported Friday that 56,253,000 women, ages 16 and older, were not participating in the workforce in August. That’s up 44,000 from July, when 56,209,000 women were neither employed nor had made a specific effort to find work in the four weeks prior. The trend for women is similar to the national figures. The month of August saw a record number of men and women out of the labor force, exceeding 94 million for the first time. Although the number of women out of work grew, the expanding population also helped increase the number of women with jobs. FULL REPORT

Stocks Plunge After Payrolls Report- U.S. stocks declined more than 1.5 percent Friday as investors looked ahead to a long weekend and weighed uncertainty over the timing of a rate hike and slowing growth in China. “You’ve got a buyers’ strike and a lot of buyers anxious to get out ahead of along weekend, ahead of pent-up news out of China,” said Art Hogan, chief market strategist at Wunderlich Securities. Mainland Chinese stock markets reopen Monday after a four-day weekend and ahead of several regional reports on trade and inflation due next week. U.S. stock markets are closed Monday for the Labor Day holiday. MORE