• A few comments on the Labor Force Participation Rate

    3 monthes ago - By Calculated Risk

    Last week an article misrepresented my writings on the Labor Force Participation Rate. But this gives me an excuse to post a few graphs and discuss the likely path of the labor force participation rate over time.
    Back around 2010 and 2011, when the unemployment rate started falling, following the great recession, a number of observers claimed that the decline in the unemployment rate wasn't a real improvement in the labor market, and that the decline was mainly because of the decline in the participation rate. I had the opposite view. For example, in 2012 I wrote :
    "Bottom line: If someone...
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