Hard at Work: Why the Unemployment Rate Accurately Reflects the Strength of the Labor Market
Publication Date: May 2006
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): James Sherk
Research Area: Labor
Keywords: Labor; Unemploymnet
Type: Report
Abstract:
The unemployment rate has fallen to dramatically low levels, and some economists believe that low labor force participation levels make this a misleading indicator of the economy's health, but jobs are available for virtually every worker who wants them. Rather than wondering what has gone wrong, policymakers should look for ways to keep the economy strong and growing.
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