Let's start with the standard chart. Yes the DoL report says 5.6% but if one were to use the baseline of 2006 participation rates it is still above 8%. Although we see participation increasing.
The chart above should be the concern. We have a lower participation rate or higher gap, there are now millions permanently unemployed. That is and should be the concern. Frankly not only is there no change in that number but it appears to be increasing.
The above demonstrates that concern.
Thus overall things are getting better but the permanent gap is a real ongoing concern. It appears that at the older end we have lost people permanently and at the lower end the young millenials want meaningful work rather than a job. That is the real problem.
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