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Discouraged workers in US / What if they were still in ?

In December, the unemployment rate was 6.7% and the labor force participation rate was 62.8%.

Where would the two figures be if all of the discouraged workers that left the labor force since October 2007 came back, and were officially counted as unemployed?

Chart 2 shows that the participation rate would be a 0.7 percentage points higher, at 63.5%.

Capture d’écran 2014-01-20 à 09.37.37

Chart 2: The actual labor force participation rate (blue line) versus where it would be if all of the discouraged workers that left since October 2007 came back (red line).

Chart 3 shows that the unemployment rate, meanwhile, would be a full percentage point higher, at 7.7%.

Capture d’écran 2014-01-20 à 09.37.51

Chosen excerpts by Job Market Monitor. Read the whole story at 

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via What The Unemployment And Labor Force Participation Rates Would Be If All Of The Discouraged Workers Came Back – Yahoo Finance.

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