Read more here:The Real Story on Workforce Numbers: No Change?
In other words, the participation rate (employment-population ratio)
was reported to have dropped by 0.3%, exactly the amount of participation rate
“drop” created by changing the population number used in the calculation (due to
updated census data.) Without this once-a-decade adjustment, the change in
participation rate would have been reported as…wait for it…zero.
Tuesday, February 7, 2012
Posted by Jody L. Wilcox at 9:57 PM