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The specific metric you and the parent are looking for is "Labor Participation Rate".[0] This is a personal favorite metric of mine, because it makes readily a
by existencebox 9y ago
The specific metric you and the parent are looking for is "Labor Participation Rate".[0]
This is a personal favorite metric of mine, because it makes readily apparent some of the distortions the parent brought up. I imagine they're likely being downvoted for some combination of more vociferous language, less citations, different perspectives on the merit of the math/historical comparison the poster is referring to, as well as good old "you're wrong" downvotes, but I certainly found myself agreeing with the thrust of the point. (that unemployment and in related fashion CPI are regularly distorted for one agenda or another; for a recent example of this look at the application of C-CPI in the latest tax code to help address budget shortfalls in a way one might fairly call "slight of hand."[1])
[0]https://data.bls.gov/timeseries/LNS11300000 https://data.bls.gov/timeseries/LNS11300000
[1]https://www.bloomberg.com/view/articles/2017-12-20/the-big-permanent-tax-increase-inside-the-tax-cut-act https://www.bloomberg.com/view/articles/2017-12-20/the-big-p...
- cm2187 9y agoBut it is also skewed by the “papy boom”, wealthy post war generation going into retirement, leaving the workforce. So it’s not trivial to read the participation rate either.