Labor Force Participation in 1987
Labor Force Participation opened 1987 at 65.40% and closed at 65.70%, a +0.46% move for the year. The high of 65.70% was reached on May 1, and the low of 65.40% on January 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 65.40% | 65.40% | 65.40% | 65.40% | +0.00% |
| Feb | 65.50% | 65.50% | 65.50% | 65.50% | +0.00% |
| Mar | 65.50% | 65.50% | 65.50% | 65.50% | +0.00% |
| Apr | 65.40% | 65.40% | 65.40% | 65.40% | +0.00% |
| May | 65.70% | 65.70% | 65.70% | 65.70% | +0.00% |
| Jun | 65.50% | 65.50% | 65.50% | 65.50% | +0.00% |
| Jul | 65.60% | 65.60% | 65.60% | 65.60% | +0.00% |
| Aug | 65.70% | 65.70% | 65.70% | 65.70% | +0.00% |
| Sep | 65.50% | 65.50% | 65.50% | 65.50% | +0.00% |
| Oct | 65.70% | 65.70% | 65.70% | 65.70% | +0.00% |
| Nov | 65.70% | 65.70% | 65.70% | 65.70% | +0.00% |
| Dec | 65.70% | 65.70% | 65.70% | 65.70% | +0.00% |
Events During 1987
Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.
G5 finance ministers agreed at the Plaza Hotel in New York to coordinate intervention that weakened the dollar. The accord engineered a 50% decline in DXY over two years and set the stage for the 1987 crash and Japan's bubble.
The Dow Jones Industrial Average fell 22.6% on October 19, 1987, the largest single-day percentage decline in history. Portfolio insurance and program trading amplified the crash.
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