What’s Behind Declining Labor Force Participation?

Since employment declined dramatically in 2008, there has been acute interest in the so-called labor force “participation rate.” When employment began climbing out of the Great Recession trough in 2010, that progress seemed to be sabotaged by troubling decreases in the rate. Many questioned aloud why American workers were leaving the labor force. A cluster […]

Unemployment Rate Declined in July? Really?

The Bureau of Labor Statistics just released its report on employment, announcing that the unemployment rate declined from 9.5% in June to 9.4% in July.  News reports seem a little upbeat, but this is very premature.  If you look at the numbers, you will see that the labor force participation fell — meaning 544,000 people […]