Series Id: LNS12300000
Seasonally Adjusted
Series title: (Seas) Employment-Population Ratio
Labor force status: Employment-population ratio
Type of data: Percent or rate
Age: 16 years and over
2008 to Present "Great Recession"
I have provided the statistics before but a visual representation of the labor force as a percentage of the population is a much better way to understand the unemployment problem.
To read the graphs: on the left axis is the percentage of the work-force population actually working!!
From January 2010 to the present, we are a roller coaster but remaining relatively constant. This tells me the job growth is basically keeping up with population growth. However, the economy is not strong enough to create work for the workers that left the labor force from 2008-2010.
I thought it would be interesting to compare the "great recession" to the last four recessions.
Early 2000 Recession (Note: the effect on housing was mild and now we know why!)
1990's Recession - this recession was also a banking issue --- remember the Savings and Loan issue? This recession was problematic for housing and recovery was slow.
Ronald Reagan won the 1980 election by an electoral margin of 489-49 and captured almost 51 percent of the popular vote. It took his policies several years to make a positive impact. What bothers me is that even with a presidential change this fall, we could be faced with many more years of ..............................
1970's Recession - employment to population ration is the lowest of all recessions in mid-1975.
Compare the illustrations and then compare the statistics and time. We will still have to hang on by our finger nails --- if you have any left!!
WE HAVE TO DO WHAT WE DO DIFFERENTLY!
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