Would have liked to see participation rate on the graph. Nonfarm employment is distorted without inputs to labor.
You can see the participation rate in the chart I posted in 41. I can add it to the FactSet chart you replied to but it won’t be until late next week when I get back to my office.
From the chart in 41 we have round tripped participation rate to where it was in the early 80’s. a lot of the decline is demographics but a lot is structural weakness. I think I posted here a tweet from AEI economist who sai using the Goldman Sachs participation model accounting for demographics that the unemployment rate is really 9.1%.