Economics @ ITT

The Incredible Shrinking US Labour Force

Posted in economics by ittecon on September 6, 2013

Over the past three months, the U.S. economy has averaged 148,000 new jobs per month. That’s actually a slower pace than the previous six months. Yet the unemployment rate keeps dropping precipitously, reaching 7.3 percent in August — the lowest since December 2008. The reason? Between July and August, 312,000 people dropped out of the labor force. But because the official unemployment rate counts only those workers who are actively seeking work, the unemployment rate fell.

via Three reasons the U.S. labor force keeps shrinking.

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