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by harryh
2980 days ago
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The job market is actually pretty healthy right now. Unemployment is nearing a 45 year low and prime age labor force participation rate has been on the upswing for about 3 years. We're also starting to see some growth in wages which is nice. And sure, it's weird to contrast a theory of firm destruction being necessary for a vibrant economy with the reality of individuals you can point to losing their jobs but the fact remains that doesn't really distract from the truth of my statements. Just because it's a bit harder to point at specific individuals who will benefit from the demise of Toys R Us doesn't mean the link isn't real. |
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...which is still lower than it's been since 1986 [1], and is significantly lower than Australia, Japan, Britain, Canada, Germany, France, and Sweden [2].
[1]: https://data.bls.gov/pdq/SurveyOutputServlet (set from to 1948 and click "Go")
[2]: https://www.motherjones.com/kevin-drum/2017/12/raw-data-the-...