Article Summary According to the President's Council of Economic Advisors, the Labor

Article Summary
According to the President's Council of Economic Advisors, the labor force participation rate has significantly declined since the year 2000, due primarily to retiring baby boomers and the severity of the 2007-2009 recession. However, over the past couple of years, the labor force participation rate has held fairly steady, indicating that previously discouraged workers may be reentering the labor market. In June 2017, the labor force participation rate was 62.8%, roughly the same as it was a month earlier.

-Refer to the Article Summary. What is the labor force participation rate? What are discouraged workers? Explain how discouraged workers reentering the labor market would stop the decline of the labor force participation rate.