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Since 3/12 the unemployment rate has fallen 0.6%, and the labor-force participation rate (LFPR) has fallen by 0.5%. If by 3/14 the LFPR falls another 0.5%, it would take only 107,000 new jobs/month to get the unemployment rate down another 0.6%. But if by 3/14 the LFPR returns to where it was on 3/12, it would take 250,000 new jobs/month to reduce the unemployment rate by the same 0.6%!

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