What Does This Picture Tell Us?
Posted By thestatedtruth.com on December 5, 2010
It tells us that things are not, repeat are not getting materially better. People are giving up on getting a job. This is not what we want to see, especially not at this point in an economic recovery (that’s what the government calls this).
The Unemployment is shown by the (red line).
The Employment-Population ratio declined to 58.2% in November matching the cycle low set in 2009 (black line).
The Labor Force Participation Rate was steady at 64.5% in November (blue line). This is the percentage of the working age population in the labor force. The participation rate is well below the 66% to 67% rate that was normal over the last 20 years.
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