Labor Force Contraction

This is another chart to put in your “Structural changes?” file . . .

jobspict_2004.gif
Source: Economic Policy Institute

It simply demonstrates our continuing thesis that this recession / recovery cycle is extremely atypical compared to post war history.

What's been said:

Discussions found on the web:
  1. Dave S commented on Mar 12

    Why do people think this is? Demographic changes? More baby boomers opting to retire early instead of looking for a job?

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