|Source: Heritage Foundation calculations from U.S. Dept of Labor|
Not Looking for Work: Why Labor Force Participation Has Fallen During the Recession: "Lower Participation = Lower Unemployment Rate. As high as the unemployment numbers are, they still overstate the economy’s performance. Since the recession began, the labor force participation rate—the proportion of adults either working or trying to find work—has fallen by approximately 2 percentage points. The government counts only people actively looking for jobs as unemployed. The drop in labor force participation accounts for the entire net drop in the unemployment rate over the past three years."
Tweet Follow @johnmpoole