Listen Now: A Strange Economy
Economists say that an economy in the wake of a recession usually bounces back. But since 2009’s official recovery America has been slow to do that. Instead analysts tell MSN Money the economy is acting strange and there are ten very specific reasons why.
For example, people aren’t going to work. The labor force participation rate measures the percentage of adults who have or are currently looking for jobs. During the recession the number increased, however since hiring picked up the labor force participation hasn’t. Experts say this is unusual because most missing workers are men in their prime capable of finding work.
Another fact perplexing economists? The number of people quitting is up but a recent consumer confidence index survey found that most people consider the job market unstable. For more weird explanations for the state of the economy click the link below. Nobody likes a mystery when it involves your money.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.