Sunday, June 17, 2018

The changing demographics of U..S. labor force participation

Why aren't more men working?  (The New York Times, 6/15/2018)
The issue, in economist’s jargon, is labor force participation. When the Bureau of Labor Statistics surveys households, every adult is put into one of three categories. Those who have a job are employed. Those who are not working but are searching for a job are unemployed. Those who are neither working nor looking for work are counted as out of the labor force. 
This last group is ignored when calculating the unemployment rate.

No comments: