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Indeed, the official participation rate may perhaps offer a better indicator of overall employment in the US [edit: than employment rate alone]: https://data.b
by npongratz 10y ago
Indeed, the official participation rate may perhaps offer a better indicator of overall employment in the US [edit: than employment rate alone]:
https://data.bls.gov/timeseries/LNS11300000 https://data.bls.gov/timeseries/LNS11300000
Zooming out and eyeballing it, it appears the last time such a small proportion of people were working was circa 1978.
- 6stringmerc 10y agoThat is correct, the 'counted' workforce is at 1978 levels. It's systemically dangerous to have a large disenfranchised population for too long. Eventually they get to the point where they're so beaten down they'll be okay with beheading a King. I mean, it sounds extreme but just look at the last electoral process - a resounding message of sending a demented Chimpanzee with a razor blade to destroy the Federal Government under the guise of helping. Heh.