Why don't we hear discussion of the Labor Force Participation Rate any more ?

[DemocratSinceBirth]

[Exotica]

1. The same reason the headline (U3) UE rate has been bullshit for ages.

It is all one big con to placate the ignorant masses.

In 1994 the BLS changed the headline rate from U5 to U3.

U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks.

U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.

U5: U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently.

U6: U5 + Part-time workers who want to work full-time, but cannot due to economic reasons (underemployment).

[D_Master81]

2. You know how often I've thought this

I remember limbaugh saying that the labor participation rate wasnt even 60%, so that meant real unemployment was over 40%, which would be way higher than the Great Depression. But the answer is...because Republicans are in power. Dems dont make near the noise about meaningless s**t like the GOP does.

[DemocratSinceBirth]

3. Notice something, compadre ?

https://data.bls.gov/timeseries/LNS11300000