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The unemployment numbers are a joke. Look at employment ratios for a better sense of what things look like: https://research.stlouisfed.org/fred2/series/EMRAT
by carsongross 11y ago
The unemployment numbers are a joke. Look at employment ratios for a better sense of what things look like:
https://research.stlouisfed.org/fred2/series/EMRATIO https://research.stlouisfed.org/fred2/series/EMRATIO
- jjoonathan 11y agoMuch of that is due to demographics (retiring boomers, people staying in school longer) which is what the other figures try to take into account. Details: https://www.fas.org/sgp/crs/misc/R44055.pdf https://www.fas.org/sgp/crs/misc/R44055.pdf See page 11 (prime age employment-population ratio) if you want an EPR that accounts for this trend.