One of the big headlines last Friday was that the Labor Force Participation rate continued to fall December (which is why the unemployment rate ticked down despite paltry job growth).
More specifically, the LFPR is down more that 4 percentage points since the financial crisis hit.
======
Let’s put the current LFPR is perspective: Now, about 62.5% of the able-bodied adult population either has a job or is actively looking for one.
Said differently, over 37% don’t have jobs and aren’t actively looking.
Let’s drill down to a couple of demographic groups ….
The Homa Files 