Total nonfarm payroll employment rose by 292,000 in December, and the unemployment rate was 5.0%, but the not seasonally adjusted unemployment rate fell to 4.7%!!!
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What do you think the LF level and participation rate should be, if there's still a long way to go? And how are you accounting for changing demographics?Long, long way to go.....
Labor Force Participation Improves Slightly; 94,103,000 Americans Not in Labor Force
Labor Force Participation Improves Slightly; 94,103,000 Americans Not in Labor Force