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.


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