The labour participation rate in the US fell more steeply than the OECD average between 1996 and 2016, according to research published by the Federal Reserve Bank of Dallas.
The share of people of working age with a job or actively looking for one declined among people without a degree as well as among graduates. The rate for people who lack a degree fell by five percentage points to 84.7% in 2016 from 89.7% in 1996; for graduates it declined by 2.2 points to 93.4%, from 95.6%.
The trend was s
- A route to economic growth – The Belt and Road Initiative 2018 survey
- ECB will ‘accelerate efforts’ to tackle staff concerns after second survey
- After the Congress – Interpreting China’s new development concept
- Asian Infrastructure Investment Bank – Raising expectations
- Do not discount central bank digital currency yet – Lagarde