Latest News
Another look at disability and labor force participation
In searching for explanations for the steep decline in the labor force participation rate analysts have rightly stressed the importance of retiring baby boomers. This trend appears to be the single most important factor depressing participation over the last six years. However, we have been surprised in recent conversations with investors about the limited agreement on another important driver: the steady increase in the share of workers leaving the labor force due to injuries or other serious disabilities. The rise in the so-called disability share—the percent of the adult population out of the labor force due to disability—has also contributed to the structural weakness in the U.S. participation rate, and this colors our interpretation of current labor market statistics. Read more…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.