Seeing Unemployment Rates in Full Context
The headline unemployment rate captures people actively seeking work, but it misses discouraged workers and job quality shifts. Pair it with wage growth, hours worked, and job openings to understand how unemployment rates and economic health intersect more honestly. Comment with your favorite metric.
Seeing Unemployment Rates in Full Context
Participation falls when people delay job searches, return to school, or retire early, masking slack even when unemployment looks low. Track prime-age participation to see whether opportunity is really expanding as unemployment rates and economic health evolve. Share your local observations below.