Bloomberg Talks
00:06:54 · Paul Sweeney, Claudia Sahm, Tom Keene
[00:06:54] S1: Labor force participation rate, again, a little bit better, 61.9%. Where's a healthy number? Like, what should we be looking for? Is that a good number, 61.9? Should it be higher or lower? [00:07:04] S0: Yeah, I mean, it is hard. You know, work is onerous, right? We don't want 100. People should have a choice as to what they do. I think given the fact that we have so much aging of the workforce, probably keeping a focus on. [00:07:17] S2: The prime age. [00:07:18] S0: Watch yourself. Yeah, I know. I'd say, well, you know, people should get to retire at some point if they want to. At some point. But I think looking at the prime age statistics, which have been really pretty solid, but there's always, you know, there's the separation of like we look month to month, quarter to quarter at the labor market. And then there's the big picture. I mean, we've had some demographic groups that for decades have been puzzling, like Men, prime age working, used to all work, and there's been declines over many decades. So then there's questions about why is that happening? But that's not this near-term discussion. So I don't have a ready answer of what's the right number because it depends on people and their lives. [00:08:01] S2: Spearheading our labor coverage, I should say. Claudia is with us. Thank you. Thank you so much this morning. Look for her publications and, of course, wonderful out on Twitter and particularly on LinkedIn.