Quote:
Originally posted by Rory Bellows:
Is that why we now have a lower unemployment rate than the average unemployment rate of either the 70's, 80's or the 90's?
Because fewer people are actively seeking work. In other words, they've given up or settled for lower paying jobs. However, there is still a net loss of jobs, and it's even worse when considering the increase in population vs. job creation. The "unemployment rate" is only one part of the economic picture.
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Tent makers for Christie, 2016.