I think it would be really interesting to do some data visualizations with the Labor Force Participation Rate.
If you go to this Labor Fource Participation graph and change the range to 1948 to 2018. You will see:
- Millions of women joining the labor force starting in the 60s. (source)
- Of the 11 recessions that occurred in that time, only 2008 caused such a big downward swing. About 10 million people stopped working since then! Why? Did two-income households become single-income? And wait, isn't the unemployment rate really low right now?
- The unemployment rate only counts people who are looking for work (by some definition of looking) and different governments count that different! So what about discouraged workers? And what happens whe