Exact(20)
But most of the decline reflects a shrinking labor force rather than new hiring.
Economists cautioned that this bit of seeming good news was the result of a shrinking labor force, rather than the addition of jobs.
Of course, the situation was even worse in 2009 and 2010, when nearly all of the improvement in the jobless rate was from a shrinking labor force.
Rather, it reflects a shrinking labor force, as the long-term unemployed and other jobless workers give up looking for jobs.
A shrinking labor force represents a tremendous waste of talent and potential, a loss of value that will not be entirely retrievable.
The month's jobless rate brings the average for 2012 to 8.2 percent, compared with an average in 2011 of 9 percent, though most of the "improvement" is because of a shrinking labor force, not more hiring.
Similar(40)
We will then consider current and prospective challenges to China¿s continued economic rise: an aging population, shrinking labor force, China¿s response to the world financial crisis of 2008 and its lingering consequences.
But an aging population and gradually shrinking labor force risks fanning inflation in the longer term, the I.M.F. said, while low interest rates and a lack of places for savers to invest their cash mean there is a lingering risk of bubbles in the already hot property sector.
Florida ranks last in the nation when it comes to long-term unemployment, so economists say the shrinking labor force is a natural result.
Just at the time when the country will begin to reel under the burden of its shrinking labor force and an increasingly disabled population, it will have to find a way to cope with millions of aids patients, too.
Many economists initially thought that the shrinking labor force — which drove down November's unemployment rate — was caused primarily by discouraged older workers giving up on the job market.
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