Comment Comment by lmpdev Unemployment is also a poor metric in and of itself as it discounts large groups of peopleParticipation rate is much more meaningful IMOExample, the participation rate is currently ~67%, so its inverse is 33%.This means that 33% of the working age population are currently not employed parent lmpdev 2 years ago
Participation rate is much more meaningful IMO
Example, the participation rate is currently ~67%, so its inverse is 33%.
This means that 33% of the working age population are currently not employed