The Labor Force Won’t Fix Itself | FiveThirtyEight
The recent decline in the U.S. labor force won’t reverse on its own, but government policies could make a difference.
That’s the major takeaway from a new report from the president’s
Council of Economic Advisers, which the White House released Thursday
morning in conjunction with a speech by CEA Chairman Jason Furman at the Brookings Institution.
The shrinking labor force has been one of the hottest topics in
economics in recent years. The share of the population that’s either
working (employed) or actively looking for work (unemployed) is at its
lowest level since the late 1970s. And that measure, known as the labor
force participation rate, has continued to fall even as other measures
of economic health have improved.
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