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Employment rate is a false statistic if anything. The population is aging since childbirth rates have gone way down over the last few decades. A larger percent of adults are retired now and are included in that employment rate statistic.

If you just want to include people “kicked” off the lists, U-6 may be what you’re looking for. https://unemploymentdata.com/current-u6-unemployment-rate/

It’s as low as it’s been in almost two decades. Not quite as record breaking as the U-3 but still pretty good...




Looking at those charts, I don't see any place where the tax cut kicked in. Looks like the trend just continues from before the tax cut. Looks like your mention of the tax cut is completely unrelated to unemployment figures.


Some economists believe the tax cut and other spending has been juicing the economy, leading to the record numbers we are seeing right now.

I recently listened to a NYT podcast where they discussed this theory briefly, but I’ve also been seeing it from some economists I follow on Twitter. https://podcasts.apple.com/us/podcast/the-argument/id1438024...

Of course as with any economics prediction it’s hard to prove what the alternate history would have been, but the idea is that the economy would have slowed down and U-3 unemployment wouldn’t have dropped to historic lows without the additional cash injection thanks to recent economic policies.

Edit: in general I think jobs numbers are very relevant to this whole thread since the article is attempting to sell the premise that the tax cuts didn’t help job growth (by using the specific example of AT&T jobs - even though this tax cut was for every company not just AT&T) despite the overall economy doing well, jobs increasing, and unemployment decreasing.


Is that how you get on U-6... how do they count those who've never been employed? E.G. recent grads from schooling?




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