4 ms·
It is grimmer to look at the labour participation rate: https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm https://www.
by fabianhjr 6y ago
It is grimmer to look at the labour participation rate: https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm https://www.bls.gov/charts/employment-situation/civilian-lab...
If anything between outsourcing and automation employment isn't coming back. (And the employment that does come back will be at sub-minimum wage 12-hour days precarized "gigs" or 3 "half-time" jobs)
- ravedave5 6y agoReally strange they don't have an age upper limit, a bunch of that decline is likely baby boomers leaving the workforce.
- Armisael16 6y agoYou’re probably looking for one of the unemployment rates. It’s quite useful to know what fraction of the population is working, even if there are perfectly good reasons for some to not be working. Retirees still eat and someone has to grow the food.
- fabianhjr 6y agoNot quite, employment participation declined since 2008 but working age population kept increasing until it stagnated near ~2017 according to "Working Age Population: 15-64" statisctis ( https://fred.stlouisfed.org/series/LFWA64TTUSM647S https://fred.stlouisfed.org/series/LFWA64TTUSM647S ) and stable since ~2006 according to "Working Age Population: 25-64" statistics ( https://fred.stlouisfed.org/series/LFWA25TTUSM647S https://fred.stlouisfed.org/series/LFWA25TTUSM647S )