The labor force has been dropping for years and unemployment with it, which is a problem we’ve explored at great length. A declining unemployment rate is a good thing when you have a stable or rising labor force participation rate. It is not a good thing when your labor force is declining too.
The 90-second video above is probably the quickest, simplest explanation I have ever seen.
Steve is a long-time New Hampshire resident, an award-winning blogger, and a member of the Board of Directors of The 603 Alliance and the National Heritage Center for Constitutional Studies. He is the owner of Grok Media LLC and the Managing Editor, Executive Editor, assistant editor, Editor, content curator, and more (yes, there's more) at GraniteGrok.com. Steve is also a former board member of the Republican Liberty Caucus of New Hampshire, the Republican Volunteer Coalition, and has worked for or with many state and local campaigns and grassroots groups, and is a past contributor to the Franklin Center for Public Policy.
