The unemployment rate fell to 6.7 percent, from 7 percent, but that was less about job creation than about people, fed up or unsuccessful in their job searches,
dropping out of the labor force.
In other words, for two years of economic recovery, the labor market in the U.S. has been doing only slightly better than treading water, and much of the improvement in the unemployment rate can be attributed to people
dropping out of the labor force either because they've given up looking for work or because they've retired.
Other limiting factors are low wage growth, high unemployment, the large numbers of workers who have
dropped out of the labor force, declining home prices, higher tax payments and a flattening out of transfer payments.
Although in most states, caregiving is a factor that judges are instructed to consider, judges often characterize
dropping out of the labor force or opting for a job with fewer hours as an individual «choice.»
We have people
dropping out of the labor force.
The unemployment rate fell to 4.7 percent, the lowest since November 2007, but is believed to be due to more Americans
dropping out of the labor force.
There are lots of folks that have
dropped out of the labor force, which does shift the percentages a little bit - but the increase in payrolls still look good to me.
Although in most states, caregiving is a factor that judges are instructed to consider, judges often characterize
dropping out of the labor force or opting for a job with fewer hours as an individual «choice.»
Rather, the rate fell as more workers
dropped out of the labor force.
Not exact matches
The
labor force participation rate has fallen due to cyclical factors such as workers temporarily
dropping out of the workforce because
of discouragement over job prospects, but also due to structural
forces such as the Baby Boomers reaching retirement age and younger workers staying in school longer.
As Baby Boomers move
out of the
labor force and into retirement, the ratio
of workers to beneficiaries will
drop to roughly 2:1 by 2034.