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From 2010 to early 2020, the unemployment rate in the US fell from 10.0% to 3.7%. Over that same period of time, the labor force
From 2010 to early 2020, the unemployment rate in the US fell from 10.0% to 3.7%. Over that same period of time, the labor force participation rate fell from 64.3% to 63.0%. Explain what these two facts in combination tell us about the unemployment situation in the US from 2010 to early 2020.From 2010 to early 2020, the unemployment rate in the US fell from 10.0% to 3.7%. Over that same period of time, the labor force participation rate fell from 64.3% to 63.0%. Explain what these two facts in combination tell us about the unemployment situation in the US from 2010 to early 2020
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