Friday, September 03, 2010

US Employment to Population Ratio Declining

The latest employment data just released by the Bureau of Labor Statistics (BLS) shows that the US employment to population ratio suffered another decline in August 2010 to 58.8%, down from 59.3% for the same period last year, and from 58.9% for the previous month in July.

Many economists believe that reporting the number employed as a percentage of the civilian population provides a more accurate description of the current state of employment than conjecturing the number of "unemployed" in a population. The US employment to population ratio reached a historical peak of 64.4% on an annual basis in 2000.

Source: Bureau of Labor Statistics

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