Unemployment Rate vs. Workforce Participation Rate: The Corrections

I am still stumbling along with blogger technology having been brought up in the era of black and white television.  So, for basics, on the previous post I said if your total workforce was 100 people and 64 were not working, the workforce or labor force participation rate would be 64%--that is incorrect:  the workforce participation rate would be 36%, but you see where this heads.

It does provide the heuristic justification to learn what the 64% are doing with their time.  It seems to me that a healthy workforce participation rate would be at least 80%.

I have heard it said many times:  THE NUMBERS DON'T LIE.  In fact, the numbers lie very well particularly, when manipulated by liars.