February 28, 2014
The decline in labor force participation is a trend phenomenon, according to St. Louis Fed President James Bullard. Therefore, the decline in the unemployment rate can be interpreted as a good signal. For more on this topic, see Bullard's speech on Feb. 19, 2014, "The Rise and Fall of Labor Force Participation in the U.S."
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President and Chief Executive Officer
Executive Assistant to the President
Senior Vice President and Chief of Staff to the President
Cletus C. Coughlin
Senior Economist and Special Assistant to the President
"Rationally, let it be said in a whisper, experience is certainly worth more than theory."