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by nickpinkston 2470 days ago
The unemployment rate is definitely not the whole picture and is kind of a BS metric.

I think you'll find the Labor Force Partcipation Rate gives a more accurate assessment of what you're looking for.

"Make-Believe America: Why the US Unemployment Rate Doesn’t Indicate Economic Recovery"

https://www.foreignpolicyjournal.com/2018/03/08/make-believe...

1 comments

I'd go even further and say the 25-54 year old workforce participation rate is a better metric, since the regular workforce participation rate is influenced by demographic changes (i.e. the baby boomers retiring).

https://fred.stlouisfed.org/series/LNS11300060