Sunday, May 6, 2012

More on Labor Force Decline

As you know, we've been following the labor force decline story here at COTTonLINE. Here is another useful article about the topic from a source we trust, The Wall Street Journal.

It identifies several causes for the reduction in labor force participation, some I've seen and some new ones. One of the issues is that the older unemployed are having a tough time getting new jobs; they are seriously overrepresented among the long-term unemployed.