9 ms·

4% too many and probably understated. The BLS repeatedly underestimated unemployment during the previous administration. Also the labor participation rate, whic

• throw0101d 2y ago
  > https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm https://www.bls.gov/charts/employment-situation/civilian-lab... In February 2020 it was 63.3% and in January 2025 it was 62.6%, for a difference of 0.7%. Also note the steady decline post-2008 and the multi-year plateau that jitters around 63%. Having the plateau change from ~63% to ~62.5% isn't an unreasonable scenario. * https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART
• astrange 2y ago
  > Also the labor participation rate, which is harder to game, still hasn't reached pre-Covid levels yet That's because Americans got /richer/ and retired. You want to look at the prime-age rate, which the boomers have moved out of.
• cyberax 2y ago
  The labor participation rate is going to be declining for the foreseable future because the population is aging. If you look at the prime-age employment rate, we're almost up to the record high levels: https://fred.stlouisfed.org/series/LNU01300060 https://fred.stlouisfed.org/series/LNU01300060