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NILF: Drop in Participation Rate Bodes Well

Posted By Barry Ritholtz On December 17, 2013 @ 12:14 pm In Employment | Comments Disabled

I have, for many years, been a regular reader of David Rosenberg. Back when he was Merrill Lynch’s chief economist, to more recently at Canada’s Gluskin Sheff, I enjoy his daily “Breakfast with Dave.”

Sometimes, it is because we disagree, and I am looking for an intelligent challenge my pre-existing notions. Other times, it is to see where Rosie and I agree. And sometimes, like in yesterday’s missive, it was simply to see something different and interesting.

The pair of charts nearby are what leapt out at me. The first chart shows Labor Force Participation Rate. It leaked in the late 1990s. Particpation rate has plummeted since. This usually gets trotted out to show how weak the job market is.

 

Continues here [1]


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[1] Continues here: http://www.bloomberg.com/news/2013-12-17/better-news-on-workforce-dropouts-ritholtz-chart.html

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