The Big Drop: Employment Rate Cause for Concern

Posted on September 4, 2010

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Friday’s labor report is the latest confirmation that our economy is sputtering. A loss of 54,000 jobs and a 9.6 percent unemployment rate are bad enough.

But a deeper look, at the little-known civilian employment-population ratio, presents what may be a more revealing and troublesome picture.

In contrast to the better-known unemployment rate, which measures the percentage of adult Americans who are actively seeking jobs but do not have one, the civilian employment-population ratio could be called the employment rate, measuring the percentage of adult Americans who have a job.

via The Big Drop: Employment Rate Cause for Concern.

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