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I agree that the most-commonly reported 'head-line' numbers can be misleading, but more detailed statistics are available. One of my favorites is the labor participation rate: https://fred.stlouisfed.org/series/CIVPART

You might want to look at the 'not in labor force' numbers: https://fred.stlouisfed.org/series/LNU05026642



>One of my favorites is the labor participation rate: https://fred.stlouisfed.org/series/CIVPART

and also labor participation rate, but for 25-54 Yrs, so you exclude the effect of demographic changes https://fred.stlouisfed.org/series/LNS11300060


Yes, moreover the whole-population participation rate is basically useless and nobody should look at it.


I find the overall population participation rate as being very informative with respect to the tax base, and more general changes over time.




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