as of this month, the unemployment rate is now lower than it was at any point during ronald reagan's administration:









that said, the labor force participation rate has fallen since reagan's day. that's mostly about population aging <u+2014> there are a lot more retired people now than there used to be <u+2014> and a little bit about more people being in college, but that doesn't fully explain it. the labor force participation rate of "prime-aged" men between the ages of 25 and 55 has been steadily declining for decades, and in the past 10 years the participation rate for prime-aged women has fallen slightly as well.
the unemployment rate is now lower than it was at any time during reagan's presidency
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