3 ms·
>Record low unemployment The actual, real rate of unemployment is called "Civilian Labor Force Participation Rate" and covers all adults (16 or older) who are
by jazzyk 7y ago
>Record low unemployment
The actual, real rate of unemployment is called "Civilian Labor Force Participation Rate" and covers all adults (16 or older) who are not working.
As you can see from the diagram on the BLS website, the participation rate is ~ 63% which is close to the lowest level in 40+ years.
Booming economy, for FAANG and Wall Street, perhaps. Just barely off the lows for most people, though.
https://data.bls.gov/pdq/SurveyOutputServlet https://data.bls.gov/pdq/SurveyOutputServlet