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There are around 25 million more people working now than were working in 2010.. https://fred.stlouisfed.org/graph/fredgraph.png?g=1aXE4 https://fred.stlouisfed
by mikeyouse 3y ago
There are around 25 million more people working now than were working in 2010..
https://fred.stlouisfed.org/graph/fredgraph.png?g=1aXE4 https://fred.stlouisfed.org/graph/fredgraph.png?g=1aXE4
The low unemployment rate is actually just because there are a ton of people working and not some other convoluted rationale.
- laidoffamazon 3y agoPrime age labor force participation is the highest since ~2000 today too.
- toomuchtodo 3y agoLabor force participation rate is a superior metric. https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART https://www.kansascityfed.org/research/economic-bulletin/lower-labor-force-participation-rates-and-slower-population-growth-pose-challenges-for-employers/ https://www.kansascityfed.org/research/economic-bulletin/low... https://www.frbsf.org/economic-research/publications/economic-letter/2023/august/how-far-is-labor-force-participation-from-its-trend/ https://www.frbsf.org/economic-research/publications/economi...
- mikeyouse 3y agoI don't disagree in general - but I was responding to the specific claim that more people were retiring than were finding new jobs, so the low unemployment rate was 'artificial' in some way.