What Difference Does It Make? Long Term Employment Rate Trends
December 6, 2013
Sure, the November jobs report was pretty good … compared to other reports of the last 5 years. But if you look at pre-2008 numbers, it was another rotten report. Take a look at this chart, showing the Employment Rate (that’s people working) over time:
The bottom line is this: What we’ve been doing for the last 5 years hasn’t worked; we are stuck with chronically low employment.