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Thread: The Unemployment Rate went up in June

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    The Unemployment Rate went up in June

    One-tenth of a percent from 3.6 to 3/7.
    Golly gee. Thatís horrible. The Left has to step in to save our nation. The labor market is weakening.
    Oops.
    The reason is that more working-age Americans are stepping up and looking for work.
    In a time of very low unemployment, bringing more Americans into the workforce is a key to economic growth. It also reflects working conditions and wages becoming more attractive over time, meaning the workforce is very likely happier. Thatís hard to measure but increasing workforce participation is one of the best signals we have of worker happiness.
    And thereís more room for improvement. The current participation rate is still well below pre-Great Recession levels. That means the expansion may continue for sometime without straining the economy because there are still more workers to be drawn back into jobs.
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