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Jobs recover, but labor force still shrinks.(BUSINESS)(Work & Life)
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Star Tribune (Minneapolis, MN)
- Article date:
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September 29, 2005
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Copyright informationCOPYRIGHT 2005 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: H.J. Cummins; Staff Writer
Linda Williams' career change might hold a clue to one more aberration in this extra-long recovery from the 2001 recession.
The recession happened normally, economists tell us. Jobs went down, the jobless rate went up, and the labor force shrank.
But the recovery is breaking the mold. Jobs came back and the unemployment rate went down, as they should. But the labor force - the percentage of adult Americans who are working, or at least looking for work - is still shrinking.
"What's perplexing is we haven't seen the typical rebound," said Steve Hine, labor market research director at the Minnesota Department of Employment and ...
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