CHAIN PULSE
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LFPR vs 5Y

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In plain English

Labor-force participation is the share of adults who are working or looking. The 5-year Treasury yield is a medium-term interest rate.

Plotting them together is a Durden-style labor-vs-rates tape: participation can drift with demographics while the 5-year moves with the Fed path and term premium. Two different objects, one chart.

Math and metrics

FRED CIVPART (LFPR, %) vs DGS5 (5-year yield, %). Dual axis. Aligned join in collector/lib/market.mjs.

left: CIVPART_t. right: DGS5_t. no residual or ratio on this plate.