New Paradigm in Econ Byrne & Derbin

January 9, 2012

The Labor Force Participation Rate January 9, 2012

Latest on UNEMPLOYMENT

January 9, 2012

The Labor Force Participation Rate

While the Unemployment Rate is down to 8.5%, the Labor
Force Participation Rate also fell.  What
is going on here?

If a 67% Labor Force Participation Rate is more
realistic than the current 63.96% Labor Force Participation Rate, then the ‘Unemployed’
are understated by 7,304,000 people, so rather than 13,097,000 unemployed the
adjusted number would be 20,401,000!

http://econnewsletter.com/109001.html

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