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A comment on Jobless Rate in U.S. Falls Below 6% as Hiring Picks Up. Parent comment

Re:Jobless Rate in U.S. Falls Below 6% as Hiring Picks Up by jjoonathan on Friday October 03, 2014 @03:17PM (#8407123)
What fraction of that is due to demographics? Discouraged workers are bad news, but old people retiring isn't bad news.
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Re:Jobless Rate in U.S. Falls Below 6% as Hiring Picks Up by fludlight on Friday October 03, 2014 @03:39PM (#8407244)
There's a chart on page 10:

Identifying Factors behind the Decline in the U.S. Labor Force Participation Rate

http://macrothink.org/journal/index.php/ber/article/download...

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Re:Jobless Rate in U.S. Falls Below 6% as Hiring Picks Up by YokoZar on Friday October 03, 2014 @04:39PM (#8407523)
As a brief summary, as of 2012 the decline in labor force participation rate was about 1/3 due to demographic shifts and 2/3 due to the business cycle. The paper notes it was expected to fall even further, however individual "behavior changes" caused it to not fall as far.
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Re:Jobless Rate in U.S. Falls Below 6% as Hiring Picks Up by jaekwon on Friday October 03, 2014 @05:40PM (#8407789)
Most of it was due to "business cycle"?

What does that mean?

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Re:Jobless Rate in U.S. Falls Below 6% as Hiring Picks Up by 001sky on Friday October 03, 2014 @06:39PM (#8408032)
The recession triggered changes in organiztion structure accross a wide variety of areas. This led to re-negotiation or termination of previously existing employment contracts. When there is a market failure to re-negotiate such contracts on mutualy agreeable terms, the parties are no longer in an employee/employer relationship. The parties are not in the workforce. Whether they are declared "unemployed" or not is a bit of a shambolic side debate about window dressing.
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