The Incredible Shrinking Workforce

The complex intersection of demography, public policy, and economic cyclicality has converged to shrink the U.S. labor force since the financial panic of 2008. As a result, those who focus on the most publicized traditional unemployment metrics are getting a distorted impression about the health of domestic labor markets. What’s really going on? What are the implications? What does this mean for you? We’ll explain.

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