Birdwatch Note Rating
2023-07-04 02:52:37 UTC - HELPFUL
Rated by Participant: 4DB978E455D5A367FE90F4EEA5F80CF1B61A683C44D894F750067C0697C8B476
Participant Details
Original Note:
The unemployment rate in July of 2020 was 10.2%, with an additional 7.7 million not in the labor force but actively seeking employment. Current unemployment (as of May 2023) is 3.7%. The natural rate of unemployment in the US is about 4%. https://www.bls.gov/news.release/archives/empsit_08072020.pdf https://www.bls.gov/news.release/pdf/empsit.pdf https://www.nber.org/reporter/2021number2/long-run-trends-and-natural-rate-unemployment
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