Tag: labor force participation
This pattern differs sharply from past recessions. With unemployment soaring to levels not seen since the Great Depression of the 1930s (see Figure 1), questions arise about how older workers are faring. Historically, the very young (ages 16-24) have seen the greatest increase in unemployment when the economy turns down, then prime-age workers (25-54), and…
The decline in Americans’ labor force activity started around the year 2000 and accelerated after the 2008-2009 recession. Labor force participation is now at its lowest level since the 1970s. The main reason for the drop is our aging population. But the news in a systematic review of current research in this area is a…
