Tight U.S. job market not attracting new people to the labor force: paper

WASHINGTON - The tight U.S. labor market is not drawing new people into the labor force, but merely reducing the number dropping out, according to research published on Monday by the San Francisco Federal Reserve.

The labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, hit a more than five-year high in January. It has been mostly driven by gains in the 25-55 age group, the prime-aged population. The labor force participation rate declined sharply during the 2007-19 recession and continued to trend lower in the years after. It has, however, been steadily rising since the past year, leading some economists to believe that there is still some slack in the labor market.

BREAKING: Reports of 'Tight U.S. job market' revealed to be a massive shell game....

Start hiring older people

Who the hell wants to work! It’s great to be semi retired 62 and in a couple more years no more work at all!

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A tight labor market is holding small businesses back from expanding in this hot economyCNBC and SurveyMonkey's latest small business optimism index echoes that sentiment, finding 52 percent of small businesses say it's harder to find workers today than it was a year ago. But but but... I thought this was suppose to drive up wages? The Biggest threat to american business is the foolish policies put in place by Obama! Don’t be deceived by MainStreamMedia !!! Truths Tight labor market = higher wages!
Source: CNBC - 🏆 12. / 72 Read more »