From beingJRRidinger.com
By JR Ridinger
We often hear about our nation’s unemployment rate, but there’s another stat that we need to address as a nation if we are truly going to spark this sluggish economy. Known as the Employment-Population Ratio, this number has remained stagnant for some time – and represents a clear indication that our nation’s economy needs a boost!
Many economists consider the employment-population ratio to be a better indicator of the job market than the unemployment rate, because the unemployment rate fails to account for the millions of Americans who’ve left the workforce entirely – whether they are in school, retired, or simply gave up looking for work altogether.
As it stands now, the United States’ Employment-Population Ratio sits at 58.6% – A THIRTY YEAR LOW!
In essence, the employment –population ratio helps paint the big picture – and shows just how stagnant our economy has been the past few years. As you can see in this graph from the Bureau of Labor Statistics, the labor force is hovering around levels we haven’t seen since the early 1980s. Sure, there’s been some job growth – but that’s barely kept up with our natural population growth. In essence, the job market in this country is utterly stagnant!
Read more from beingJRRidinger.com >>
By JR Ridinger
We often hear about our nation’s unemployment rate, but there’s another stat that we need to address as a nation if we are truly going to spark this sluggish economy. Known as the Employment-Population Ratio, this number has remained stagnant for some time – and represents a clear indication that our nation’s economy needs a boost!
Many economists consider the employment-population ratio to be a better indicator of the job market than the unemployment rate, because the unemployment rate fails to account for the millions of Americans who’ve left the workforce entirely – whether they are in school, retired, or simply gave up looking for work altogether.
As it stands now, the United States’ Employment-Population Ratio sits at 58.6% – A THIRTY YEAR LOW!
In essence, the employment –population ratio helps paint the big picture – and shows just how stagnant our economy has been the past few years. As you can see in this graph from the Bureau of Labor Statistics, the labor force is hovering around levels we haven’t seen since the early 1980s. Sure, there’s been some job growth – but that’s barely kept up with our natural population growth. In essence, the job market in this country is utterly stagnant!
Read more from beingJRRidinger.com >>
No comments:
Post a Comment