Courtesy of Mish.
Economists figured the recovery would bring about increased confidence and a rise in the birth rate.
Instead, the rate dropped into a tie with the lowest birth rate on record.
This is yet another surprise for economists to ponder.
Please consider the Wall Street Journal report Behind the Ongoing U.S. Baby Bust.
The newest official tally from the National Center for Health Statistics showed an unexpected drop in the number of babies born in the U.S. in 2015. The report was a surprise: Demographers had generally expected the number of births to rise in 2015, as it had in 2014. Instead, the U.S. appears to still be stuck in something of an ongoing “baby bust” that started with the recession and housing collapse and has yet to reverse.
Baby Bust
Baby Bust by Race
