The labor force participation rate -- the share of the population that is working or looking for work -- fell to 62.1%, the lowest this year and driven by a sharp drop among teenagers. The rate for workers ages 25-54, however, ticked higher.

--With assistance from Kristy Scheuble, Reade Pickert, Ana Monteiro, Liz Capo McCormick, Lisa Abramowicz, Jonathan Ferro and Tom Keene.

This article was provided by Bloomberg News.

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