[buwaya]

Also wives staying home, teenagers and young adults in school, etc.

But on the whole it is very useful. The most significant effect of the recession of 2008-10 was that this rate crashed, very badly, and it has not really recovered since.

https://data.bls.gov/timeseries/LNS11300000

This latest uptick is still just that, and very minor. TBD.

[arrogantsob]

This increase is in spite of millions of baby boomers retiring. It is excellent news.

Those reporting more Help Wanted signs are seeing the same thing I am seeing.

Imagine what the scene will be like when the workers in the higher paying industries hit their stride and start new purchases. Most are probably paying down the the debt incurred while un/under employed.

We love you Donald J Trump.

[Alberta's Child]

Right. But it's also no coincidence that 2008 was the year the first Baby Boomers born in 1946 reached the minimum age to collect Social Security retirement benefits.

The labor participation rate isn't going to rise very much until the Baby Boomers are institutionalized and/or pass away.