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November 24, 2014

Why Are There Fewer Workers In The U.S. Labor Force? Pew Has The Answer

For the past couple of years, the U.S. labor force participation rate has hovered near lows not seen since the stagflation of the late 1970s. Last week Pew Research Center investigated why and concluded, “You might think legions of retiring Baby Boomers are to blame, or perhaps the swelling ranks of laid-off workers who’ve grown discouraged about their re-employment prospects. While both of those groups doubtless are important (though just how important is debated by labor economists), our analysis of Bureau of Labor Statistics data suggests another key factor: Teens and young adults aren’t as interested in entering the work force as they used to be, a trend that predates the Great Recession.” 

We encourage you to read Pew’s full analysis of this data here. We also encourage you to read Pew’s review of where the undocumented population lives in the U.S.