Friday, November 05, 2010

US Employment to Population Ratio Unchanged

The latest employment data just released by the Bureau of Labor Statistics (BLS) shows that the US employment to population ratio stagnated at 58.6% between September and October 2010, and was down slightly from 58.8% for the same period last year. 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

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