Employment, Big Red Car – what about employment?
Dear reader, US employment and unemployment are both headed in the right direction, but there is a concern we need to discuss.
We need to discuss the Labor Force Participation Rate. Do you know what that means?
The LFPR is the percentage of folks aged 16-64 (the labor force) who are currently employed or seeking work.
Here is a picture of what that looks like today with our 3.8% unemployment rate. Notice, in particular, the comparison between our current LFPR/unemployment rate and the Jan-Apr 2000 all time high LFPR. Therein lies the story.