If you want to convince yourself of this to spur rate cuts that’s fine but 200k as the natural monthly increase in the labor force is completely arbitrary and n

If you want to convince yourself of this to spur rate cuts that’s fine but 200k as the natural monthly increase in the labor force is completely arbitrary and new and not the assumed number for the last decade+. The prime age labor force participation rate is as high as it was during the dot com boom, there’s not a lot of slack in the current labor market even if it could theoretically weaken.