Working Blues

The Employment-to-population ratio is a statistical ratio which measures the proportion of the country’s working-age population that is employed.  In many ways it is a more accurate barometer of employment conditions than is the unemployment rate.

As the chart below shows, the U.S. employment-to-population ratio has been in decline for approximately a decade—a reflection of the economy’s weakening ability to generate jobs (even poorly paying ones).  Said differently, our economic problems have a real structural basis.


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