We keep having months of solid job growth (200k+), yet the labor participation rate is 62.6%, the lowest it's been in 38 years. Some of that is the "graying" of America- Baby Boomers turned 65 in 2011, but it doesn't seem like that's the complete story.
There's a good graph here: http://ift.tt/Iursuy
It stays steady at 66%, then drops like a rock at the end of 2008, down to under 63%.
Ahh, here it is: http://ift.tt/1eaxP9w
It's the 16-24 group. From 2002-2012, that one group dropped 8.4% and from 2012 to 2022, another 5.3% (I don't know if part of that is projected, since the end date is 2022). Specifically, the 16-19 group dropped 13% from 2002-2012. and another 7 points in 2012-2022.
The rate has dropped about 2% for people aged 25-54, and actually increased for people 55 and older.
As is usually the case, we can blame most of the problem on teenagers.
There's a good graph here: http://ift.tt/Iursuy
It stays steady at 66%, then drops like a rock at the end of 2008, down to under 63%.
Ahh, here it is: http://ift.tt/1eaxP9w
It's the 16-24 group. From 2002-2012, that one group dropped 8.4% and from 2012 to 2022, another 5.3% (I don't know if part of that is projected, since the end date is 2022). Specifically, the 16-19 group dropped 13% from 2002-2012. and another 7 points in 2012-2022.
The rate has dropped about 2% for people aged 25-54, and actually increased for people 55 and older.
As is usually the case, we can blame most of the problem on teenagers.
via International Skeptics Forum http://ift.tt/1LKDqE6
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