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May 29, 2015 Another Reason for Declining Unemployment: Workers Are LeavingThe unemployment rate has dropped swiftly in the city of Decatur, Illinois, declining from 10.2% in March 2014 to 7% in March of this year. But that’s partly because the workforce is shrinking, says the Wall Street Journal. Payrolls in Decatur actually fell over the past year, due to such factors as layoffs, attrition, and transfers. In many Midwestern cities, workers are moving away, retiring, or no longer looking for jobs. Workforces shrank in 16 of the 20 cities where unemployment fell by at least 2.7 percentage points in the past year, the Journal says. |
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