Falling (Un)employment

 

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Unemployment in the United States has been falling.  Great news, right?

 

One of the major reasons for this decline is the fact that many able-bodied people have simply left the workforce.  They’ve given up.

 

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As the overall size of the workforce shrinks, the number of those actually employed tends to grow as a proportion of the remaining pool of available labor, and, thus, the unemployment rate tends to decline.

 

Posted from Orlando, Florida

 

 


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