There is so much “financial media” hype and angst on small moves in the unemployment rate that you really must be careful to not get caught up in the “noise” …
I saw this graphic, and it made me ponder a number of items:
- What is the “participation rate” and why is it important?
- Working age unemployables?
- Who counts as unemployed?
- In the U.S., an unemployment rate of around 5% or lower indicates full employment, as it allows for some frictional and structural unemployment while minimizing inflation. This level suggests that most individuals who want to work can find employment.
- Other searches said the U.S. unemployment rate that is often considered indicative of full employment in the 4% to 5.5% range.
- The percentage of people under age 65 who are not in the labor force also varies:
- Group Not in Labor Force
- People with Disabilities 27,010,000
- People without Disabilities 75,129,000
- Approximately 35% of prime-age adults not looking for work cite disability or serious illness as the main reason for not being employed.
Asking for a friend: How many of that 35% are not looking for work because they have scammed the safety net system of taxpayer funded benefits?
If you got this far, pull up a Red State Vs Blue State map side by side. Any similarities?
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