UNEMPLOYMENT….Earlier today I mentioned the employment paradox that Brad DeLong has been blogging about for a while: although unemployment is going down a bit, it’s not because more people are working. Rather, it’s because more people have given up looking for work, and when you give up looking for work you don’t count as unemployed anymore.
So who is it that’s dropping out of the labor force? Angry Bear has the answer:
Female labor force participation, conversely, has been pretty steady for the last few years, and the participation rate of high school dropouts has been steadily increasing. Meanwhile, college grads are dropping like flies.
I’m not sure what to make of this, but it’s an interesting tidbit.