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Does this 5% include people who have fallen out of the unemployed bucket into some sort of long term bucket? I know multiple people who have been looking for 6
by dexwiz 9mo ago
Does this 5% include people who have fallen out of the unemployed bucket into some sort of long term bucket? I know multiple people who have been looking for 6 months+. Not to mention underemployed.
- esbranson 9mo agoIt never has. The labor force participation rate for 25-54 year-olds is a better metric for such things.[1] Last time it was this high was 1990s through 2002. (Before that, it was never this high.) [1] https://fred.stlouisfed.org/series/LNS11300060 https://fred.stlouisfed.org/series/LNS11300060
- jamesmontalvo3 9mo agoThe shape of that graph is roughly equivalent to the shape of labor force participation for women [1]. I don’t think that detracts from your point in regards to the last 20-30 years, but in regards to “before that it was never this high” I think it’s evident that the societal shift of women joining the workforce is the reason, not an improvement in the economy. [1] https://fred.stlouisfed.org/series/LNS11300002 https://fred.stlouisfed.org/series/LNS11300002