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Labor force participation ticks down
Since about the turn of the millennium, the labor-force participation rate, or the share of American civilians over the age of 16 who are working or looking for a job, has dropped pretty dramatically, with an acceleration in that drop taking place after the 2008 financial crisis and the ensuing Great Recession.
There are several causes for that drop. An August 2015 analysis by the President’s Council of Economic Advisers suggests that about half of the drop comes from structural, demographic factors: the baby boomers, an immensely large cohort of Americans, are getting older and starting to retire.
The Council of Economic Advisers found that the other half of the drop in labor-force participation came from cyclical factors tied to the Great Recession. In addition to the normal falloff in participation seen in other recessions, the depth and severity of the Great Recession pushed millions of Americans to the sidelines, discouraging them from even looking for work.
Over the last couple years, the labor-force participation rate has mostly held steady, possibly indicating a tightening labor market as people who were previously discouraged from looking for work move back into the labor market.
According to the April jobs report, labor force participation ticked down slightly to 62.9% from 63.0% in March.
NOW WATCH: Baltimore’s solar-powered water wheel has now removed 1.1 million lbs of rubbish from the river
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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Since about the turn of the millennium, the labor-force participation rate, or the share of American civilians over the age of 16 who are working or looking for a job, has dropped pretty dramatically, with an acceleration in that drop taking place after the 2008 financial crisis and the ensuing Great Recession.
There are several causes for that drop. An August 2015 analysis by the President’s Council of Economic Advisers suggests that about half of the drop comes from structural, demographic factors: the baby boomers, an immensely large cohort of Americans, are getting older and starting to retire.
The Council of Economic Advisers found that the other half of the drop in labor-force participation came from cyclical factors tied to the Great Recession. In addition to the normal falloff in participation seen in other recessions, the depth and severity of the Great Recession pushed millions of Americans to the sidelines, discouraging them from even looking for work.
Over the last couple years, the labor-force participation rate has mostly held steady, possibly indicating a tightening labor market as people who were previously discouraged from looking for work move back into the labor market.
According to the April jobs report, labor force participation ticked down slightly to 62.9% from 63.0% in March.
NOW WATCH: Baltimore’s solar-powered water wheel has now removed 1.1 million lbs of rubbish from the river
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2pgNNZ6
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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Kini anda membaca artikel Labor force participation ticks down dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/labor-force-participation-ticks-down.html
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