Technology usually gets the credit for the unusually low unemployment of the not-too-distant past. But baby boomers …

The national unemployment rate fell slowly during the first half of 2005, reaching 5.0% in June. While this is above … mid-1990s. This Economic Letter focuses on two demographic factors that help explain the reduction in the unemployment … contribution of the aging of the "baby boom" generation to the long-term decline in the unemployment rate. The second is rising …

between the job vacancy rate and the unemployment rate. Changes in the job-matching process suggested by movements in the …