While our unemployment rate is a bit of good news at 4.1 percent and jobless claims seem to be continuing to trend downward, it is somewhat surprising, given those economic conditions, that over the last year labor force participation continued to decline.
Tom Cotton: “While our unemployment rate is a bit of good news at 4.1 percent and jobless claims seem to be continuing to trend…”
Editor's note · Context
Cotton highlights the paradox of low unemployment and declining labor force participation.
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