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About That "Expected" Drop In Labor Participation Rates

geotay Wrote: Oct 09, 2012 2:44 PM
"We will never know"? That's a joke, right...?

Calculated Risk had an interesting but misleading post A decline in the participation rate was expected due to the aging population.

This decline in the participation rate has been expected for years. Here are three projections (two from before the recession started). The key to these projections is that the decline in the participation rates was expected:

1) From BLS economist Mitra Toossi in November 2006: A new look at long-term labor force projections...