The Unemployment Puzzle: Where Have All the Workers Gone?
A big puzzle looms over the U.S. economy: Friday's jobs report tells us that the unemployment rate has fallen to 6.7% from a peak of 10% at the height of the Great Recession. But at the same time, only 63.2% of Americans 16 or older are participating in the labor force, which, while up a bit in March, is down substantially since 2000. As recently as the late 1990s, the U.S. was a nation in which employment, job creation and labor force participation went hand in hand. That is no longer the case.
What's going on? Think of the labor market as a spring bash you've been throwing with great success for many years. You've sent out the invitations again, but this time the response is much less enthusiastic than at the same point in previous years.
One possibility is that you just need to beat the bushes more, using reminders of past fun as "stimulus" to get people's attention. Another possibility is...
the numbers are a bunch of bologna and not the kind that is yummy in a sandwich. I'm surrounded by people looking for work, waiting for work, not getting paid enough but trying to make it by till they get something decent, going back to college which will likely not lead to work to bide time.... but everything looks normal on paper. American church better wake up.
Why work when there are so many other ways to pay your bills these days with other people's money,we are seeing an orchestrated destruction of everything that a stable society needs to survive,faith,family,work....everything.