Unemployment is meant to confuse people based on how it’s calculated. What you are actually thinking these numbers represent would be labor force participation rate. Which obviously is fucked hard due to forced Covid shutdown. See actual employment numbers here...
Unemployment is meant to confuse people based on how it’s calculated. What you are actually thinking these numbers represent would be labor force participation rate. Which obviously is fucked hard due to forced Covid shutdown. See actual employment numbers here...
https://fred.stlouisfed.org/series/CIVPART
Holy shit the Obama years were a fucking joke.