Written by John O’Donnell, Online Trading Academy
The Chart of the Week
We hear that unemployment rates are declining and wages are on the rise, but the Civilian Labor Force Participation Rate, which as a measure is more difficult to manipulate, tells a different story.
Discussion of Labor Force Participation continues after the Read more >> jump.
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The U-6 unemployment rate is still bumping up near double digits. And the even more significant are the 20% of men not in the Labor Force Partication rate compared to the level 60 years ago. It is not clear that the low 4.1% U-3 unemployment rate is indicating that we are using anywhere near the full employment potential of the U.S. economy.
Source: YouTube
