A Strong Economy – But We Can Aim Higher.
Remarks by MARY C. DALY President and CEO Federal Reserve Bank of San Francisco
To the Regional Economic Development for Eastern Idaho (REDI)
Excerpt:
"The next chart shows the prime-age participation rate in Germany, Canada, the United Kingdom, and the United States. In these other advanced economies, participation has increased overall and now stands well above the rates observed in the United States. This is especially striking because, just like the United States, these countries are facing long-term challenges like labor market polarization. Yet, they have managed to offset the downward pull on participation rates:"