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by irrational 2783 days ago
But, what happens where there are no workers? Everywhere I go there are signs saying help wanted. But, unemployment is practically non-existent where I live. Everyone who wants a job, has a job.
1 comments

Everyone who wants a job at the wage employers are offering has a job.

The unemployment rate doesn't count people who aren't looking for work.

The labor force participation rate measures the percentage of the working-age population between 16 and 64 who are either working or looking for work.

That's currently about 62%.

If wages were higher, then more people would be willing to work.