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:
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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