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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (861025)	6/1/2015 12:01:25 AM
From: tejek	1 Recommendation Recommended By Mongo2116 Read Replies (2) of 1576912

The boomers are retiring. Which only accounts for about half of the decline in labor participation. Apparently it accounts for much more than that because there is very little change in the participation rate even as unemployment drops below 5% in many metros. If what you and certain economists are saying were true, the participation rate should be moving up esp in metros where the unemployment rates are dropping below 4 and 5%. Instead, labor shortages are developing in the most robust industries: Labor Shortages Pop Up in Many U.S. Cities - BusinessWeek Companies in cities across the U.S. are struggling to fill positions, with jobless rates in some metropolitan areas below the 5.2 percent to 5.6 percent level the Federal Reserve regards as full employment nationally. Competition for workers is *prompting businesses to raise wages, increase hours for current employees, add benefits, and recruit from other regions.* This article, btw was written in April, 2014. Labor markets are much tighter now.

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