Forget ‘Labor Force Participation Rate’ … here’s the indicator to watch
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It’s no secret that the Labor Force Participation — the % of able bodied adults who are employed or looking for work — has dropped about 4-1/2 percentage points .
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The economy-is-doing-just-fine crowd chalks the declining rate to demographics – old-timers retiring.
In prior posts I’ve attributed about 1/3 to retirees … the rest to slackers.
To that point, let’s cut the data a different way …
The Homa Files 