Article review 7

This article talks about how the unemployment rate is larger than what it actually is being displayed. The reason is that there has been a decrease of Labor force participation rate over the last few years. Due to the difficulty of finding a job, it is much harder for people looking for one. It talks about how the creation numbers for March were very disappointing, with only about 126000 jobs having been created, being half of what was predicted.  The number might get revised but the participation rate will not. A reversal would only change if there were better economic opportunities and incentives. An example of the declining participation rate is that in 2006 it was around 66.2 percent but last year it was only 62.9 percent. This is around an 8.2 million difference. One story for this decline is that many bay boomers are retiring. But there is a higher percentage rate of workers over 65 years in the labor force last year. The biggest problem has to focus on people between the ages of 25 and 54 years. These people have finished school and are not retired yet, so they have a lot of use in the economy still. It has been shown that the men and women labor force participation rate has decreased. Staying at home has become more advantageous. A solution that is proposed  is to more welfare benefits back to the states. They would be able to better regulate the rules and adapt it for the geographic circumstances.