|US numbers from thefederalist.com with hat tip to Instapundit.|
A reminder, stats are slippery. The partisans who put a spin on a story know what they don't want you to think about but probably don't understand the economy either. The participation rate is seasonal. The size of the potential work-force changes with births, immigration, death and retirement and even rules about pensions. When couples prosper, dropping out can be win-win for wife and husband. It's regional and varies from rural to urban areas too. Robots may be a better deal than talented willing workers. And so on. When I see a simple number, I want to see how to drill down for detail.
|Canadian participation is seasonal.|
|Canadian participation quarterly.|
|Canadian unemployment with both a seasonal and a regional tweak.|
|Underlying data for US chart above.|