Collapsing Labor Force Participation: A Secular Trend
by Constantin Gurdgiev, TrueEconomics.Blogspot.in
For those of you following this blog this would be a familiar sight: I have been worrying about the underlying structure of the U.S. labor markets for some time now. The ongoing recovery appears to be relatively robust in terms of headline figures, e.g. GDP growth rates and declining continued unemployment claims. But in reality, it has been nothing but the return to trends that persisted before the pandemic – trends that are extremely worrying.
Source: http://econintersect.com/pages/analysis/analysis.php?post=202104180155
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