3 ms·
> America is at near full employment What America is full of is fake employment statistics that are artificially inflated by young people hiding out in school
by rayiner 7mo ago
> America is at near full employment
What America is full of is fake employment statistics that are artificially inflated by young people hiding out in school to avoid the bad job market.
- oa335 7mo agoPrime age employment is near all time highs: https://fred.stlouisfed.org/series/LNS11300060 https://fred.stlouisfed.org/series/LNS11300060 20-24 age employment has been about the same for last 16 years: https://fred.stlouisfed.org/series/LNS11300036 https://fred.stlouisfed.org/series/LNS11300036
- rayiner 7mo agoIt’s not at all time highs. Your chart combines the data for both genders, which causes the decline in employment to be masked by the separate trend of women working outside the home. Male prime age employment is down 10 percentage points from 1955: https://fred.stlouisfed.org/series/LRAC25MAUSM156S https://fred.stlouisfed.org/series/LRAC25MAUSM156S Male 20-24 employment rate is down 14 percentage points since 1960: https://ycharts.com/indicators/us_labor_force_participation_rate_men_age_20_to_24 https://ycharts.com/indicators/us_labor_force_participation_...
- oa335 7mo agoA higher percentage of prime age adults are working outside the house than almost any time in recent US history. I don’t understand why an analysis of the state of US employment should exclude women, can you please expand on your reasoning?
- rayiner 7mo agoThe analysis has to compare apples to apples. Raising families and homemaking is also work. Women going to work outside the home reflects a change in the type of work, not the employment level. But your analysis artificially treats them as having been out of work before and now employed.