Weekend Reading on Employment Perspective
- US unemployment rate -.3 to 7.8%
- In the last two months the unemployment rate dropped .5%
- Reversing a three-month trend, those "not" in the labor force fell by 211,000
- In the last year, those "not" in the labor force rose by 2,643,000
- Over the course of the last year, the number of people employed rose by 2,867,000.
- Participation Rate rose .01 to 63.6%
- Long-Term unemployment (27 weeks and over) was 4,844 million a decline of 189,000
- Were it not for people dropping out of the labor force, the unemployment rate would be well over 10%.
- Four Big Economic Indicators
- Keep Up the Pressure: The US Jobs Crisis Is Not Over - PIMCO's El-Erian:
- A significant part of the monthly improvement is associated with
part-time, rather than full-time, employment. With Congress too divided
to enact meaningful policy measures, the Federal Reserve will have no
choice but to remain deeply engaged in uncertain policy experimentation
- The unemployment rate is now back where it was when Barack Obama assumed the presidency in January 2009.
- With an increase to 58.7 per cent, the employment-population ratio is
edging up from a multi-decade low. This is important as the country
cannot rely on a steadily declining share of its adult population to
maintain and improve living standards, meet rising health costs and
foster less divisive income inequality.
