When Looking at Job Numbers, Add In a Changing America

For decades, the American labor force grew at a rapid rate, helping to spur strong economic growth.

Those days are past.

In the coming years, the labor force should grow at a more moderate pace, as significant demographic changes take hold. …

With those demographic shifts, the usual measures of the labor force may not give an accurate picture of the economy’s health. [cont.]

Floyd Norris, New York Times