Fed Study Shows Impact of Retirement Demographics
One of the problems (and there are many) with assessing unemployment is that it is far harder to count people working and not working than it would seem. One of the figures used is labor force participation. This rate is based on the number of people actually ready, willing and able to be engaged in the workforce. The peak year for labor participation was in 2000 when the rate was 67.3% and it has since declined to 64%. Now for the big question. Is this because so many people have dropped out of the search for jobs and are now part of the grey economy? The US has always[This content is for MEMBERS ONLY. Please click Subscribe in the upper right corner to continue.]
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