4 ms·
The unemployment rate is definitely not the whole picture and is kind of a BS metric. I think you'll find the Labor Force Partcipation Rate gives a more accura
by nickpinkston 7y ago
The unemployment rate is definitely not the whole picture and is kind of a BS metric.
I think you'll find the Labor Force Partcipation Rate gives a more accurate assessment of what you're looking for.
"Make-Believe America: Why the US Unemployment Rate Doesn’t Indicate Economic Recovery"
https://www.foreignpolicyjournal.com/2018/03/08/make-believe-america-why-the-us-unemployment-rate-doesnt-indicate-economic-recovery/ https://www.foreignpolicyjournal.com/2018/03/08/make-believe...
- seansmccullough 7y agoI'd go even further and say the 25-54 year old workforce participation rate is a better metric, since the regular workforce participation rate is influenced by demographic changes (i.e. the baby boomers retiring). https://fred.stlouisfed.org/series/LNS11300060 https://fred.stlouisfed.org/series/LNS11300060