Huh. That downturn in the graph. I thought it would have been Nov. of 2008 - I guess it took a couple of months for obama to get his agenda started.
“Rebuild the foundation of America.”
(Okay - first thing we gotta’ do is tear down the old one.)
Note how changes in the Unemployment Rate (blue) and the Labor Force Participation Rate (red) closely track each other.
Imagine what the blue Unemployment track would look like if the red Labor Participation track remained constant at 65.3%
(LEFT) BLUE = Labor Force Participation As A Percent Of The Government Defined Work Force
(RIGHT) RED = Unemployment Rate As A Percent Of The Government Defined Available Labor ForceThe labor force participation rate is the number of available work force that are willing and able to work and either employed or actively looking for employment.