[Wyatt's Torch]

Total participation rate has been declining from close to 20 years. A lot of it is structural driven by demographics (baby boomer retirements). This won't change for a while until the Millennial's get fully into the workforce as they are a larger cohort than Boomers and absolutely dwarf Gen X.

[SeekAndFind]

RE: A lot of it is structural driven by demographics (baby boomer retirements).

We really need a more accurate indicator to tell us how good or how bad the employment situation is.

For those who aren’t in the workforce, we should also weed out those that are RETIRED ( i.e. on social security ). These aren’t discouraged workers ( people who we should take into account in the data ) anymore.