Bill McBride at Calculated Risk offers this comment on labor force participation rates: Note: A significant portion of the decline in the unemployment rate from 10.0% in October 2009 to 7.6% in June 2013 was related to a decline in the participation rate from 65.0% in Oct 2009 to 63.5% in June 2013. If the […]
by run 75441 “The Treadmill and the Poor Law are in full vigour, then?” A Christmas Carol, Charles Dickens “That’s Baloney” stated Rep. Micky Hammon, R-Decatur, Alabama; the immigration bill cosponsor, told the Huntsville Times. “It’s clear the study over estimates the negative and under estimates the positive to skew the result toward an agenda,” […]
Mish at Global Economic Analysis says it loud and clear as well as Mike Kimel and Ken Houghton here at Angry Bear: I will stick with what I have said on many occasions “People are dropping out of the labor force at an astounding, almost unbelievable rate, holding the unemployment rate artificially low.” The reason is […]