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In general the media only does fairly short reports on the unemployment rate. The Bureau of Labor Statistics (BLS) regularly publishes a much wider range of dat
by dv_dt 8y ago
In general the media only does fairly short reports on the unemployment rate. The Bureau of Labor Statistics (BLS) regularly publishes a much wider range of data, including the "labor participation rate" that you're talking about.
Labor Force Statistics from the Current Population Survey: https://data.bls.gov/timeseries/LNS11300000 https://data.bls.gov/timeseries/LNS11300000
Data broken down by age: https://www.bls.gov/emp/tables/civilian-labor-force-participation-rate.htm https://www.bls.gov/emp/tables/civilian-labor-force-particip...
- getToTheChopin 8y agoThanks for that. Seeing the data broken down by age is really interesting. Young people (16-24) are not participating in the labor force as much as time goes on. On the other hand, there's a significant increase in participation in the population 65+, moving from ~12% in 1996, to ~22% forecasted in 2026. Some of that increase would likely be due to better health / ability to work later in life, but a fair chunk would likely be due to people not being able to afford retirement.