Blogger Michael Cassidy wrote in detail last week about the disappearing worker in today's labor market, i.e. labor force participation is falling. Today's Graph of the Day shows this downward trend and the rapid decline of the labor force participation rate since 2008.
To put this data into context, read Cassidy's full diagnosis here and here.
Tags: workforce, gotd, economic policy, jobs report, unemployment, great recession, michael cassidy
GOTD: A Rapidly Falling Labor Force Participation Rate
Blogger Michael Cassidy wrote in detail last week about the disappearing worker in today's labor market, i.e. labor force participation is falling. Today's Graph of the Day shows this downward trend and the rapid decline of the labor force participation rate since 2008.
To put this data into context, read Cassidy's full diagnosis here and here.
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Tags: workforce, gotd, economic policy, jobs report, unemployment, great recession, michael cassidy