The Federal Reserve's man in Philadelphia has discovered a hidden and significant job market participation trend.
Either that, or he's found a way to put a positive spin on a negative trend.
In a paper titled, "On the Causes of Declines in the Labor Force Participation Rate," Shigeru Fujita of the Federal Reserve Bank of Philadelphia offers the opinion that the drop in the number of people participating in the workforce is due to baby boomers retiring and not, as often conjectured, "discouraged workers" who have given up hope of ever landing work.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
