3 ms·
The rate you quote is not a good indicator of overall unemployment - it only measures the dynamics of layoffs in the last 6 months. The more realistic measure
by jazzyk 9y ago
The rate you quote is not a good indicator of overall unemployment - it only measures the dynamics of layoffs in the last 6 months.
The more realistic measure of unemployment, the Civilian Labor Force Participation Rate is at about 63%, back to where we were in 1977. And a lot of women have joined the workforce since then.
https://data.bls.gov/pdq/SurveyOutputServlet https://data.bls.gov/pdq/SurveyOutputServlet
- leereeves 9y agoThe CLFPR makes sense considering the age distribution and the number of students and retirees: Population over 18: roughly 240M In college: 20M Collecting Social Security: 60M Labor force: 160M https://www.census.gov/prod/cen2010/briefs/c2010br-03.pdf https://www.census.gov/prod/cen2010/briefs/c2010br-03.pdf https://www.statista.com/statistics/183995/us-college-enrollment-and-projections-in-public-and-private-institutions/ https://www.statista.com/statistics/183995/us-college-enroll... https://www.ssa.gov/oact/STATS/OASDIbenies.html https://www.ssa.gov/oact/STATS/OASDIbenies.html