3 ms·
> unemployment near a half-century low This is a low effort way to view the situation and a reporter ought to be aware of the overall picture. People who do no
by maerF0x0 3y ago
> unemployment near a half-century low
This is a low effort way to view the situation and a reporter ought to be aware of the overall picture. People who do not want a job do not count towards unemployment. That means the millions of baby boomers (and jones generation) that are retiring continue to put their demand for goods on to the economy, but do not help to produce any.
Labor participation rate is approaching 1970s levels and men are the ones who are most rapidly leaving work, with GenZ being the most rapidly declining group. Perhaps they're signaling that they need some help getting opportunities[1], or perhaps to be treated fairly[2]?
[1]: https://www.thinkimpact.com/scholarship-statistics/#:~:text=The%20average%20scholarship,6%2C814%20for%20women https://www.thinkimpact.com/scholarship-statistics/#:~:text=....
[2]: https://mitili.mit.edu/sites/default/files/project-documents/SEII-Discussion-Paper-2016.07-Terrier.pdf https://mitili.mit.edu/sites/default/files/project-documents...