Labor force participation rates continue to decline.
The unemployment rate was unchanged at 4.9 %, remaining at its lowest level since 2008, while
the labor force participation rate continued to rebound, rising slightly to 62.9 % as the strong labor market encouraged more people to start, or resume, looking for jobs.
The Labor Force Participation rate continues to reflect the ongoing Supercycle Winter, the major double - dip recession since late ’07 and the incipient double double - dip business cycle contraction
Not exact matches
If the 2006 study
continues to be correct, the
labor force participation will
continue to drop, taking the unemployment
rate, which hit 6.7 % in December, down with it.
The conventional wisdom in the economics community is that the
labor force participation rate would have
continued to decline even if the great recession never occurred, because as the nation ages the share of retired workers would grow.
Job growth
continues to produce high numbers and the
labor force participation rate has improved as jobs are more plentiful.
The unemployment
rate continued to fall in April, reaching another post-financial crisis low of 4.4 %, although this was partly offset by a marginal decline in the
labor force participation rate.
But as Bernanke noted: «Despite this improvement, the job market remains weak overall: The unemployment
rate is still well above its longer - run normal level,
rates of long - term unemployment are historically high, and the
labor force participation rate has
continued to move down.
The unemployment
rate fell to 5.9 %, its lowest point since July 2008, but much of the drop in unemployment stemmed from a
continuing decline in the
labor force participation rate.