It's hard to say. The data at best is conservative since people often just drop out of the crazy job hunt scene.
Amplify’d from economix.blogs.nytimes.com
Read more at economix.blogs.nytimes.com The share of working-age people who are actively participating in the labor force, either by working or looking for work. This share has been alarmingly low in recent months, indicating that many workers are sitting on the sidelines because they find the job market so discouraging.
See this Amp at http://just1job.org/sMks56