[rndmize]

Your statement is worthless without context. The US has never had more than a 68% labor participation rate. To say that 37% of the US is unemployed, without qualifying that that percentage includes anyone over 16 (students, retirees, stay at home parents - in short massive numbers of people that are not seeking work) is to be deceptive.

A reasonable statement would note that the labor participation rate was at about 59% from 1950 to 1965, rose over several decades and peaked around 67% in the 90s as women entered the workforce in droves, fell 1% in the 00s and 3% following the recession. It would further be worth noting that the recent fall could be a result of a variety of factors - poor wage growth (might change the calculus of stay-at-home parenting), increasing numbers of young men that prefer to live with their parents and absorb themselves in entertainment rather than "getting ahead" (possibly also affected by the prior wage issue), or baby boomers retiring in increasing numbers, causing a bump in people moving out of the work force.

https://fred.stlouisfed.org/series/CIVPART