Jason Furman, 2022 (singled out only because he was admirably explicit): if unemployment stays low, inflation “will still be about 4% at the end of 2025.” www.hks.harvard.edu/centers/mrcb...
funny that unemployment is low when looking at work force participation numbers
was told not participating in the work force and unemployed are different
if you know please make it make sense
I think it's people applying for unemployment are unemployed, and then anyone working age that is not on unemployment is in the 'not participating in the work force'. Like stay at home moms and people that ran out of unemployment.
If you are looking at BLS definition of unemployment, anyone who is actively looking for a job but does not currently have one is unemployed, regardless if they are on unemployment.
so what's with the other 32% of the work force that is unaccounted when you add work force participation (64%) and unemployment (4%) together? Certainly doesn't equal 100 and I keep getting told that's the way it is. Our government lying to us is the way it is and it's time that stops
You are correct, they are not part of the work force.
Is it the definition you have an issue with? Or are you worried that 36% of the population does not want to work?
64% of the population in the work force is a drop from its peak at 67%, but in context of Baby Boomers it makes sense.
