5 ms·
The total labor force participation rate is total number of people who worked last month over total number of civilians over 16 years old. It is at historic low
by asmithmd1 11y ago
The total labor force participation rate is total number of people who worked last month over total number of civilians over 16 years old. It is at historic lows but somehow "unemployment" is 5%
http://data.bls.gov/timeseries/LNS11300000 http://data.bls.gov/timeseries/LNS11300000
- dragonwriter 11y agoNot really surprising, Boomers keep retiring, and retirees not interested in work are part of the denominator for labor force participation rate, but not in any reasonable sense of the word "unemployed". Ever-expanding lifespans and a demographic bulge hitting retirement age naturally combine to make labor force participation historically low.
- JuanaMango 11y agoExcept that is the opposite of what is happening, Boomers and others who should be retiring are not and those who should be working are not. The only reason the LFP is not lower than it is is because more people can't afford to retire