Faun
Diamond Member
- Nov 14, 2011
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Of course you implied as much. You're only denying it now because you've been educated on why the two rates are entirely independent from one another.Ridiculous.
The people not in the workforce are never counted in the unemployment formula.
People choose not to participate in employment for a variety of reasons. You have no evidence that the participation rate is down soley because people cannot find work. You're assuming you know something you couldn't possibly know.
I never implied that at all. In fact, there are a lot of jobs out there. The problem is people have alternative means of living namely government.
You are correct, we have always included the people not working in our unemployment numbers. But as I stated, the lower the labor participation rate, the lower the unemployment numbers. With record low labor participation in this country, the unemployment numbers have to go down. But that doesn't mean it's because of all the great jobs out there and a strong working class.