H McKee Stewart Jr

Musings on Business, Finance, and Economcs.

About that Friday Jobs Report

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A quick look under the covers – especially at the labor force participation rate should be enough to disabuse anyone of optimism concerning the employment levels in the US economy:

image

That’s a pretty scary trend line from 2008 forward, strongly suggesting that the American economy is going to be struggling with employment for quite some some time.  Granted, there’s probably some influence based on general population aging, but without serious economic reforms, this isn’t likely to fix itself anytime soon.

 

Source data: Bureau of Labors Statistics:

Labor Force Statistics from the Current Population Survey
Series Id:           LNS11300000
Seasonally Adjusted
Series title:        (Seas) Labor Force Participation Rate
Labor force status:  Civilian labor force participation rate
Type of data:        Percent or rate
Age:                 16 years and over
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Written by hmstewartjr

6 August 2011 at 1:51 PM

Posted in Uncategorized

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