Then... this is the best part... he made it clear that a 6.5 percent unemployment rate would not necessarily be the threshold for raising rates, then went on a long discussion of the conditions under which he would NOT raise rates, including if the unemployment rate dropped mostly due to cyclical
declines in the labor force participation rate rather than gains in unemployment, as well as persistently low inflation.
Though these monthly data are notoriously jumpy, the out - sized job gains were accompanied by a nice
pop in labor force participation rate — up 0.3 percent to... Read more
The unemployment rate inched up to 5.0 %, but the 0.1 % rise from the prior month was due to a positive
move in the labor force participation rate, which rose to a six - month high of 62.9 %.
In a new Education Next article «A Bad Bargain: How teacher collective bargaining affects students» employment and earnings later in life,» Michael Lovenheim and Alexander Willén of Cornell University present the first evidence that students» exposure to a duty - to - bargain law while in elementary and secondary school lowers future earnings and leads to fewer hours worked, reductions in employment, and
decreases in labor force participation.
Black and Hispanic boys whose full academic careers are spent in these union - dominated schools lose $ 3,650 per year in income and suffer almost an 8 percent drop
in labor force participation compared to their peers in states without collective bargaining.
«On the one hand, the associated tightness in the labor market might help speed the return of inflation to the committee's 2 percent goal and induce a further
increase in labor force participation,» the minutes said.
The increase
in labor force participation rates of older workers would almost certainly be larger if the increase in the normal retirement age were combined with an increase in the early eligibility age for pensions (currently age 62)» (Burtless 1998).
US central bankers saw costs and benefits to an economy operating «well above potential», ranging from a faster return of inflation to target and an increase
in labor force participation.
U.S. central bankers saw costs and benefits to an economy operating «well above potential,» ranging from a faster return of inflation to target and an increase
in labor force participation.
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.
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.
That jobless rate drop will reflect more of a pickup in employment than further declines
in the labor force participation rate.