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"No country, however rich, can afford the waste of its human resources. Demoralization caused by vast unemployment is our greatest extravagance. Morally, it is the greatest menace to our social order."

-FDR

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The thing is - we’re at 4% unemployment. Which is probably about as low as a service based economy can get.

Presently in the U.S. about 60% of people have jobs; 55% of women and 65% of men. In Feb 1962, 56% had jobs but it was 36% of women and 78% of men

https://fred.stlouisfed.org/series/EMRATIO

https://fred.stlouisfed.org/series/LNS12300002

https://fred.stlouisfed.org/series/LNS12300001

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