Birdwatch Note Rating
2023-07-05 02:28:55 UTC - HELPFUL
Rated by Participant: 4FA3ADD666CDFDCBF4FF13B10EE22FD505701A7FF3BE3A8EDDF29F3474E74398
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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