pinqy
Gold Member
"Historical" means" in the last 6 years???? Good to know. I always thought in meant "through history."Oh, and no, the labor force participation is nowhere near it's historic low of 58.1%
Good thing I didn't say "record" I said "historic." Labor participation is still scraping bottom while the recession bottomed out six years ago.
You're perfectly free to share your view on why the participation rate, which is influenced by non-labor market demographic factors is so important.But you misunderstand the relationship of the UE rate and the LFPR. The UE rate shows the percent of those available for work who are not working. The LFPR shows the percent of the population that is available for work. Lower excess supply is a good thing, even if the supply is lower overall or as a percent of total possible supply.
Gotcha, when I turn on the liberal media and they keep hyping the declining unemployment rate while ignoring the ultra low labor participation rate, I'm failing to grasp what their message is. LOL, sure I am...