Unemployment is not the Story!

The unemployment rate is falling fast, but for the wrong reasons. In 1/12 the labor force participation rate was 63.7%, the lowest level since ’82 and way below the 66% when the recession began. Had the LFPR rate not fallen, the unemployment rate would now be 10.4%, not 8.3%. And, because the Boomers are fast retiring, it’s unlikely the LFPR will soon rise. That means the unemployment rate will probably continue to fall despite weak job growth.

Share This Post
Facebook Twitter Email

Speak Your Mind