Cancel 2016.2
The Almighty
http://www.bloomberg.com/news/2012-...rose-96-000-in-august-jobless-rate-falls.html
Unemployment rate drops to 8.1% as 368k workers leave the work force. Just think how harsh the unemployment rate would be if the labor participation rate had simply held at the average of the past 20 years. The current 63.5% is the lowest since 1981. Since 1992 it held at almost 66% or above. Let's be generous and say that the average was 65% since 92... add in another 1.5% to the unemployment rate and we would be nearing 10% unemployment at 9.6%
http://en.wikipedia.org/wiki/File:US_Labor_Participation_Rate_1948-2011.svg
Unemployment rate drops to 8.1% as 368k workers leave the work force. Just think how harsh the unemployment rate would be if the labor participation rate had simply held at the average of the past 20 years. The current 63.5% is the lowest since 1981. Since 1992 it held at almost 66% or above. Let's be generous and say that the average was 65% since 92... add in another 1.5% to the unemployment rate and we would be nearing 10% unemployment at 9.6%
http://en.wikipedia.org/wiki/File:US_Labor_Participation_Rate_1948-2011.svg