What the participation rate reveals

Economists are still digesting last Friday's jobs report, which showed a loss of 92,000 jobs in February. The labor force participation rate — the percentage of working-age people who are either working or looking for work — fell to 62%. That's the lowest since December 2021 and means some people are giving up even looking for a job. We'll dig into the importance of that figure. Also on the show: oil prices and existential threats.