Birdwatch Note Rating
2023-07-04 08:36:52 UTC - HELPFUL
Rated by Participant: AFC470EAF5A750A6178933223E81E7466F301A8209A866E1FA31A6F65F7D7428
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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