According to CNBC, Squawk on the Street, the recent US Department of Labor November Employment Report indicates that the unemployment rate has fallen to 4.6%, the lowest level since 2007. On the surface, this would be encouraging news if it weren’t for the Labor Participation rate which dropped to 62.7% with an estimated 95 million working-age people not participating in the labor force. Analysts say this number is misleading because a large proportion is made up of Babyboomers retiring at the rate of 10,000 per day. It was suggested that the job market is actually very tight and employers are having a hard time finding employees, making them more willing to lower qualification requirements and increase work incentives.
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