Newly released employment data from the Bureau of Labor Statistics (BLS) shows that the US employment to population ratio declined to 58.4% in November 2010, down from 58.6% last month and 58.8% a year ago. 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