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Peterson Perspectives
Interviews on Current Issues

Is Unemployment Worse than It Appears?

July 31, 2014

William R. Cline says the decline in labor participation, which some say has occurred because workers are discouraged from seeking jobs, is largely due to the retirement of the "baby boom" generation.


Working Paper 14-4: Demographic versus Cyclical Influences on US Labor Force Participation [pdf] July 2014