Friday, July 8, 2022

Civilian Labor Force Participation Rate -- July 8, 2022

Both graphs from the same "BLS" website.

The first graph is this link: https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm.

If you go to that link and then click on the chart and click to "open/chart" all demographics, one gets this:

The y-axis makes "all" the difference. 

Huge changes as seen in June, 2020, are easily explained away. And when the y-axis is spread from 20% to 80%, the marked drop in June, 2020, isn't all that remarkable, except maybe for "16 to 19 year olds."

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