Labor Force Participation

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Labor Force Participation is a tricky number to get a handle on these days, as the aging of Baby Boomers is bound to bring it down.

It’s on our minds again today, as the March jobs report showed that nearly a half million people during the month either retired, decided to take care of family members instead of doing paid work, or just gave up looking for work.

Isolating people between the ages of 25 and 54, however, shows how unhealthy our job market is. Unless these people are in school, becoming nurses, doctors, computer scientists or the like, there is no happy explanation for why so many have stopped working.

Labor Participation 25-54

 

 

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