Question of the Day: What will the unemployment rate look like for the rest of the decade?

Question of the Day: What will the unemployment rate look like for the rest of the decade?

by noreply@blogger.com (Mike Mish Shedlock)

Assuming the BLS projections for the labor force until 2020 are correct, what will the unemployment rate look like for the rest of the decade?

Background for this question comes from two prior posts.

• About That "Expected" Drop In Participation Rate
• Charting Errors in BLS Participation Rate Projections

Those posts show just how badly the BLS missed prior projections of the participation rate. Consider this chart of 2006 projections vs. 2012 projections from the second link above.http://globaleconomicanalysis.blogspot.com/2012/12/question-of-day-what-will-unemployment.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29