There's a lot more slack in the American labor market

RNG

Apr 2013
38,656
26,645
La La Land North
Perhaps things aren't as rosy as El Presidenté likes to tell you.

The bottom line: America hasn't run out of workers, not even close. Unemployment might be low, but employment could rise significantly from its current levels.

If you're a working-age American, you're less likely to have a job now than you were pre-crisis. And you were significantly less likely to have a job pre-crisis than you were during the Clinton boom of the late 1990s.

The equivalent numbers in Japan show that this isn't a story of demographic inevitability. More working-age Japanese have jobs today than at any point in the country's history. Today's employment rate in Japan is also significantly higher than the employment rate at any point in American history.


Link to data for the graph: Japan’s anti-retirement miracle | FRED Blog

Link to report: More working-age Japanese have jobs today than at any point in the country's history
 
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RNG

Apr 2013
38,656
26,645
La La Land North
If any of you tried to look at this thread as I was fighting with formatting and getting the damned graph to work, it's fixed now, please give it another shot.