Let’s face it: The US job market is dead in the water and not getting better | AEIdeas

 

Sure, the unemployment rate fell to 7.3%. But that’s only because the labor force participation rate fell to a 35-year low. If it were still at January 2009 levels, the unemployment rate would be 10.8%. As RDQ Economics cautions, “This continued fall in participation should give pause to those who argue that the decline is cyclical and will be reversed.” In other words, the US faces a permanently larger pool of jobless Americans.

Let’s face it: The US job market is dead in the water and not getting better | AEIdeas