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Comment by ta_donk_gt

The right tends to prefer to reference labor participation rate, whereas the left tends to prefer unemployment rate. The reason for this is obvious: right now, unemployment rate advances the narrative of the left, and labor participation rate advances the narrative of the right.

The argument from the right is that unemployment rate does not include the very large number of people who have given up searching for work (and have found some other way to survive, be it government assistance, or family, or charity, or illegal activities, etc.). This argues that the economy is actually in much worse shape than the unemployment rate would suggest.

The argument from the left is that labor participation rate does not clearly indicate who really needs or wants to be working, only who is and is not working. This argues that the people out of the work force don't actually need to be in the workforce and therefore the economy is actually fine.

If ever the unemployment rate works out better for the right, and labor participation rate better for the left, you will see the sides switch which metric they prefer to reference. That's how humans work.

Calling those who don't subscribe to your preferred narrative "stupid" and "crazy" is probably not helpful.

parent ta_donk_gt 9 years ago

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