Wednesday, February 10, 2016
Unemployment vs. Employment
calls attention to the percentage of people working, which is above. You can see that this number is recovering only slowly from the big drop it took when the recession hit. Nobody really knows what this means. As our society ages, and fewer teenagers work, the number should be trending downward, but it that wouldn't account for a 3.5% drop. It may be that many people responded to the crash by retiring a little earlier than they had planned, and they now have no interest in returning to work. But the loss of workers remains puzzling. Where did they go?