Falling LFPR isn’t a huge deal

LFPR is low. That’s all over the news these days. Mostly just conservative pundits trying to downplay the economic recovery. Now, there are good reasons to downplay the recovery. Zero percent interest rates for 80+ months with no end in sight—that’s a much better reason. But that aside, the low (and even falling) LFPR alone just…More

Be careful with LFPR!

The Labor Force Participation Rate (LFPR) is calculated monthly by the Bureau of Labor Statistics (BLS). It’s defined by the BLS as “the labor force as a percent of the civilian noninstitutional population.” This seems straightforward enough, but I’ve seen many analysts misinterpret what the LFPR actually measures–especially as it’s been in a sort of free…More

Jobs report gains, LFPR loses

MarketWatch is reporting that the U.S. economy added 288,000 jobs in April. Numbers for February and March were both adjusted up based on new data. The unemployment rate is now 6.3% — lowest since September 2008. I’ve written before that the Fed had turned reports like this into red flags for markets. Investors feared an end to stimulus more…More