“How does that work. If there are fewer people now in the workforce... doesn’t that mean that the unemployed would now be proportionally higher?”
It’s my understanding that the unemployment numbers are those people on unemployment. Once you run out of unemployment you are no longer counted. If you aren’t entitled to unemployment you are never counted. We should be very concerned about the numbers of people in the workforce, and the number of long term unemployed. Those are the people who end up on welfare and public assistance.
So, you're saying that there are fewer people in the "unemployment force" instead of fewer people in the "workforce" like this article states. And no, I'm not worried. Things go up, things go down. Government doesn't have that much control over it and we wouldn't want them to have much control over it. And who would take new jobs if they were created? We are at incredibly low unemployment numbers (4.8%) right now. Things will get worse, things will get better. It's not the end of the world no matter what happens. The only thing that scares me is that people belive this media propaganda and those people might elect a socialist to save us.