In February 2020 it was 63.3% and in January 2025 it was 62.6%, for a difference of 0.7%. Also note the steady decline post-2008 and the multi-year plateau that jitters around 63%.
Having the plateau change from ~63% to ~62.5% isn't an unreasonable scenario.
In February 2020 it was 63.3% and in January 2025 it was 62.6%, for a difference of 0.7%. Also note the steady decline post-2008 and the multi-year plateau that jitters around 63%.
Having the plateau change from ~63% to ~62.5% isn't an unreasonable scenario.
* https://fred.stlouisfed.org/series/CIVPART