Steve Boese shares the CHART OF THE DAY: On the Labor Force Participation Rate

Steve Boese Worldwide FOT

Every time these figures are reported and repeated, there seems to be quite a bit of speculation around the causes of this decline. Just why are there relatively fewer participants in the labor force?

Is it simply a matter of demographics as retirements of the first wave of baby boomers (now in their mid-to-late 60s) start to accelerate?

Or are younger workers simply dropping out of the labor force due to the frustration of not being able to find work, either due to a simple lack of openings or having repeatedly failed to secure work in what is still an extremely competitive job market?

Read the whole post over at Steve Boese’s HR Technology Journal (an FOT contributor blog).