In this week’s Heritage in Focus, labor economist Rea Hederman discusses last month’s job report. Listen to the full interview, here.
Unfortunately, last month’s jobs report was the worst one in some time. We created a mere 18,000 jobs and the unemployment rate increased to 9.2 percent. Normally in a recovery, as more people rejoin the labor force in their search for work, labor force participation increases. Worryingly, however, the labor force participation rate went down.
How do we reverse this? How do we create jobs? And are we looking at chronically higher unemployment rates?
Listen to Rea answer these questions and more, here.
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