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:

employmenthistory

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.

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