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Unemployment Rate Down Due to Retirement


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LPH submitted a new blog post:

Unemployment Rate Down Due to Retirement

In the report The New Sick-onomy? Examining the Entrails of the U.S. Employment Situation, Daniel Alpert asks: "The official (U-3) unemployment rate has fallen to 7.6 percent from a recession high 10 percent in October 2009. Clearly, America is on the mend . . . right?"

An answer lies in the comparison of declines in the U-6 and U-3 employment rate numbers. The U-6 has declined 16.4% since the...
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