How atypical is the present recovery, in terms of employment rates and NILFs, when compared to prior cycles?
Its readily apparent from this chart that the unprecedented drop in Labor Participation rates is what’s responsible for the exceedingly low unemployment rates.
Now you have yet another tool in your econo-hack™ detection kit. Anyone who gets on their hind legs to declare how wonderful the economy is based upon how low unemployment rates are outs themselves as a clueless known-nothing.
> Rant mode off <
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.