CRS: 40% of US Adults Are Unemployed

03 Economy

crs logoPDF (15 Pages): An Overview of the Employment-Population Ratio

EXTRACT:

Recent estimates show that employment as a percentage of the civilian population has not returned to pre-recessionary levels. In November 2007, the employment-population ratio was 62.9%, indicating that 62.9% of the adult population had a job in that month. This rate fell steadily during the recession and several months beyond, before stabilizing around 58.5% in October 2009. Between October 2009 and March 2014, the ratio fluctuated within 0.3 percentage points of 58.5%. Since then, the employment-population ratio has climbed slowly to 59.3%, its value in April 2015.

Phi Beta Iota: This tracks very nicely with what www.shadowstats.com has been saying all along. The official unemployment statistics that the US Government publishes are not a reliable indicator of the depth of economic despair across the USA.

See Also:

Unemployment @ Phi Beta Iota