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Philly Fed: Causes of Decline in Labor Participation
Sunday, May 4, 2014 23:22
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Econintersect: The labor participation rate (percentage of working age Americans in the labor force) peaked around 2000. The decline accelerated after the Great Recession. From he peak in 2000 to the official end of the Great Recession (June 2009) the participation rate dropped from 67.2% to 65.8%, approximately o.2% per year. Since the end of the recession the decline has steepened, taking the rate down to 62.9% by the end of 2013, a drop approximately 0.6% per year.
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Source: http://econintersect.com/b2evolution/blog1.php/2014/05/05/philly-fed-causes-of-decline-in-labor-participation
