Unemployment versus Labor Force

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Here’s an update from my last post, this time contrasting Labor Force Participation with Unemployment. Both have U.S. population as a denominator.  Make sure to check out National Journal’s Major Garrett on the topic:

But is this a harbinger of a new, gruesome economic normal of laid-off workers who can’t find work, young Americans clinging to college and post-graduate work—adrift in a jobless future, piling up debt? Or is it a statistic that looks alarming but is really benign—a statistical brew of trends in aging, schooling, retraining, and life choices that’s frothy and mysterious but no more distasteful than Guinness served too cold?

 

 

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