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More people and fewer of them are in the labor force than in living memory. https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPAR
by kfprt 5y ago
More people and fewer of them are in the labor force than in living memory. https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART
I should also note this isn't the 1960s when women were stay at home moms keeping the participation rate down. No, now it's just the nasty kind of unemployment where people are barely scraping by because single income with kids isn't middle class anymore.