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There's Been A Mass Exodus From The US Workforce, And It's Going To Continue For Decades

Saturday, May 25, 2013 - 8:45 PM
Bank of America economist Michelle Mayer has put out a long, new note on one of the more controversial subjects in economics these days: the Labor Force Participation Rate.

The Unemployment Rate has been grinding down, but everyone has noticed that Labor Force Participation has dropped as well, and it's been argued that the exodus of people from the workforce (who no longer count as unemployed when they're not working) undermine the idea of workforce improvement.

Mayer's note comes down firmly on the side of saying that the decline in Labor Force Participation is largely secular, and not primarily about the economic malaise.

Michelle Meyer On The Labor Force Participation Rate - Business Insider
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