So we have a disturbing picture of mass layoffs combined with plunging help wanted advertising, but the effect on the monthly unemployment rate and weekly unemployment claims is masked by attrition of
workers from the labor force.
It was due to the fact 637,000 people were
dropped from the labor force, not from an increase in employment, but they did end up on the U6, which officially is 16.8 % unemployment, but if you extract the B / D ratio you end up with unemployment of 20.8 %.
In February 2008, the labor force participation rate hit a high of 67.8 per cent; in July of 2013 it had fallen to 66.5 per cent, clearly indicating that many Canadians had simply
withdrawn from the labor force because of a lack of job opportunities.
The Executive Director of UNICEF, James Grant, perhaps summed it up best: «The promotion of breastfeeding must not be seen as an excuse to exclude
women from the labor force.
Fueling housing demand, immigrants replace baby boomers
retiring from the labor force, according to University of Washington economist Jacob Vigdor.
«America will not be safer or richer by depriving nearly one million young people of their liberty, tearing away 700,000
workers from our labor force or robbing the U.S. economy of $ 460 billion in GDP.
On chart after chart reporting work behavior, we find stability in Belmont, with almost all males at work, a striking contrast to the large
absence from the labor force, willed or unwilled, in Fishtown.