https://pioneerinstitute.org/wp-content/uploads/Banner-4.png 512 1024 Pioneer Institute https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Pioneer Institute2014-10-01 11:51:202020-07-27 11:55:24A Challenge to Economic Freedom: Declining Labor Participation
A Challenge to Economic Freedom: Declining Labor Participation
The fact is that the unemployment rate doesn’t tell the whole story. Strictly defined as the percentage of the population who are out of work and actively seeking employment, this metric provides a very narrow lens through which to evaluate labor market performance. A look at labor participation rates — the labor force as a percentage of the civilian non-institutional population — helps paint a more accurate picture.
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