NO NEED TO PANIC

The civilian labor force rate has declined since the beginning of the Great Recession but it is still higher than it was in the 50s and 60s. Source: BLS

Labor Force Statistics from the Current Population Survey

Series Id:           LNS11300000
Seasonally Adjusted
Series title:        (Seas) Labor Force Participation Rate
Labor force status:  Civilian labor force participation rate
Type of data:        Percent or rate
Age:                 16 years and over