Sunday, 9 September 2012

Don't just look at the unemployment rate!

The reported U.S. unemployment rate fell to 8.1% in August, from 8.3% in July. At the same time however, the labor force participation rate fell to 63.7% in August from 64.3% in July. The improvement in the unemployment rate was therefore largely caused by a worsening in the labor force participation rate.


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