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Transitioning From “Out Of The Workforce” To Being Employed
Monday, March 9, 2015 6:17
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from the Richmond Fed
In the U.S. labor market unemployed individuals that are actively looking for work are more than three times as likely to become employed as those individuals that are not actively looking for work and are considered to be out of the labor force (OLF). Yet, on average, every month twice as many people make the transition from OLF to employment than do from unemployment to employment. These observations on labor market transitions suggest that the standard unemployment rate and its extensions proposed by the Bureau of Labor Statistics are both too coarse and too narrow as measures of resource utilization in the labor market.
Source: http://econintersect.com/b2evolution/blog1.php/2015/03/09/transitioning-from-out-of-the-workforce-to-being-employed
