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There is low unemployment because huge numbers of people have left the workforce due to health issues (long covid etc). This is not cyclical.
by throwaway81523 4y ago
There is low unemployment because huge numbers of people have left the workforce due to health issues (long covid etc). This is not cyclical.
- KiranRao0 4y agoPeople have not left the labor force in the last few months. The labor force participation rate is still on a steady upward march since the initial lockdowns. Sources: Bureau of Labor Statistics https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm https://www.bls.gov/charts/employment-situation/civilian-lab...