Friday, October 08, 2010

US Employment to Population Ratio in 10-Year Decline

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 September 2010 to 58.6%, down from 58.9% for the same period last year, and from 58.8% for the previous month in August. The US employment to population ratio has been trending downwards since 2000.


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

1 comment:

Alex said...

Thank you, it's very insightful. And "reporting the number employed as a percentage of the civilian population", - so meaningful and so simple measure to do !!

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