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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (107478)	7/11/2011 12:31:59 AM
From: TimF	Respond to of 224757

in the countries early history most Americans where self-employed farmers. Even the kids might be considered employed in a certain sense (but if we had that work setup with today's statistical collection, analysis and reporting, they would probably be listed as not being in the workforce, counting as neither employed nor unemployed). If you defined everyone doing any type of work that produced any income or economic benefit as employed than the labor force participation rate would be higher, and unemployment was probably lower, but we don't have the stats, and the working situations are more difficult to compare. More recently say in the 1950s and 60s (so you would have actual job statistics, and a job pattern closer to today's so its easier to compare), we had fewer retired people, fewer full time adult students, but we also had more (as a percentage) stay at home moms, and more (again as a percentage) kids. The labor force participation rate was lower than it is now. A higher percentage of adult men would be part of the labor force, but fewer women worked. Even more recently (in the 90s), the labor force participation rate peaked, since then its declined.