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Aaron Sojourner@aaronsojourner.org |
This months breaks the streak of unemployment rates at or below 4.0%. It extends the streak of unemployment rates at or below 4.1%, longest in a half century.
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Aaron Sojourner
@aaronsojourner.org
[ View ] |
Labor force participation rate (LFPR) was 62.6%, partially reversing a 0.2 percentage point (pp) drop last month. Boomer retirements push LFPR down about 0.2 pp/year, so June's LFPR, down just 0.4 pp from 5 years prior, is higher than expected based on June 2019’s level & demographic change alone.
1 replies 0 reposts 4 likes