The Unemployment Puzzle: Where Have All the Workers Gone?

Glenn Hubbard The Wall Street Journal 4/4/2014

A big puzzle looms over the U.S. economy: Friday’s jobs report tells us that the unemployment rate has fallen to 6.7% from a peak of 10% at the height of the Great Recession. But at the same time, only 63.2% of Americans 16 or older are participating in […]