> Broadly, the US job market is still strong, with the unemployment rate at a low 3.7 percent. No, it's not. Unemployment rate is a bullshit metric and people

> Broadly, the US job market is still strong, with the unemployment rate at a low 3.7 percent. No, it's not. Unemployment rate is a bullshit metric and people need to stop relying on it. It measures the number of people collecting unemployment benefits, not people who are unemployed. Labor Force Participation[0] is a better metric. Since Jan 2000, the US is still down nearly 5% participation. And since COVID, we're still down nearly 1%. [0] https://fred.stlouisfed.org/graph/?g=1hY50 https://fred.stlouisfed.org/graph/?g=1hY50