The U.S. jobless rate looks lower in part because workforce participation has fallen to a five-year low, Lisa Abramowicz says. Without that decline, unemployment would be higher, sharpening debate over labor-market weakness versus demographics.
published
The U.S. jobless rate looks lower in part because workforce participation has fallen to a five-year low, Lisa Abramowicz says. Without that decline, unemployment would be higher, sharpening debate over labor-market weakness versus demographics.
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