As usual, there is always some new “crisis” in the country. In recent months, the concern is the labor force participation rate. This is the percentage of Americans who have jobs. Keep in mind that this measures only people who earn an income from a job that gets reported to or collected by government agencies.
Listening to the news channels, the decline in the participation rate is viewed as an indication that our economy is so weak that people can’t find jobs and are just dropping out of the market altogether. The reporting makes me feel that there must be something terribly wrong to make people leave the workplace.
Read more...Taking a Look at the Labor Force Participation Rate | the Blog of the Real Estate Center
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