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How changing demographics affect the US labor force
Unemployment is down. The number of job openings is up. But the US labor force participation rate is still shrinking. Today, fewer Americans age 16 and older are participating in the labor force than at any time since 1978, according to a report from the Bureau of Labor Statistics. The report, published in December, charts the decline in labor force participation since the end of World War II. It found that since 2000, the percentage of participating Americans has declined from 67 percent to 63 percent in 2013. The civilian labor force includes both employed and unemployed workers…Read More
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