@NewYorker @JohnCassidy LFPR has dropped since '90s peak despite boom in '00s before crash. Stats show age huge factor.
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@NewYorker@JohnCassidy Big problem is misdefining of LFPR. Not "working age pop. looking for work". 65+ is included, but not "working age"Thanks. Twitter will use this to make your timeline better. UndoUndo
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@NewYorker@JohnCassidy 65+ share of population is growing, increases dropouts of LFPR esp. due to longer lives.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@NewYorker@JohnCassidy Yellen not working based on textbooks. Yellen is afraid of lacking flexibility in future crisis b/c already at ZLBThanks. Twitter will use this to make your timeline better. UndoUndo
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@NewYorker@JohnCassidy LFPR includes "16+", aging population caused most dropouts. U6 down 1.3% over past year: http://www.bls.gov/news.release/empsit.t15.htm …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@NewYorker@JohnCassidy How much of failure of labor force size growth in past 8 years is down to older population? Not mentioned.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@NewYorker@JohnCassidy@APPropst will the money demanded decrease or increase?Thanks. Twitter will use this to make your timeline better. UndoUndo
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