Friday, November 06, 2009

Employment Still Rotten

A couple of useful charts from Calculated Risk.

The employment/population number is now at 58.5%, lowest since the early 1980's. It was as high as ~64% in January 2000.

The Labor Force Participation Rate fell to 65.1% (the percentage of the working age population in the labor force). This is also the lowest since the mid-80s.

"Forced" part-time employment has spiked to 9.3 million from a trend-line around 6 million (since the 1980's or so.)

U-6 now 19.5%.

Great time to be the Party in Power!

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