Employment-to-population ratio
The Organization for Economic Co-operation and Development defines the employment rate as the employment-to-population ratio. This is a statistical ratio that measures the proportion of the country's working-age population (ages 15 to 64 in most OECD countries) that is employed. According to the International Labour Organization, a person is considered employed if they have worked at least 1 hour in "gainful" employment in the most recent week.[1]
United States:
[CLINTON 1994] 72.0--
[BUSH 2001-2005] 73.1--71.9--71.2--71.2--71.
[OBAMA 2010] 58OBAMA 2012 - 58!!!
Even though job growth has ticked up during the past few months, so has population growth. We need enough new jobs to keep up with the population, in addition to replenishing the 8 million lost jobs. As such, the employment-population ratio is still down from its historical level. When Obama took office in January 2009, the Employment-Population Ratio was 60.6%. Now it stands at 58.5%.WASH TIMES:
The White House hyped the news Friday that January payrolls had risen by 243,000. The hitch is the Bureau of Labor Statistics (BLS) also dropped 1.2 million from the calculated workforce. Somehow this net loss of a million workers in a single month was transformed into an improvement in the unemployment rate. As the old saying goes, figures don’t lie, but liars can figure.
“Job growth was widespread,” the BLS reported, but most Americans sense that something isn’t quite right with the numbers. The most important change was the deep decline in the workforce. While the overall population jumped an 1.6 million in January, the workforce declined a record-setting 1.2 million. This figure represents those who out of sheer frustration or for other reasons have dropped out of what the government defines as the active labor pool. They are worse than simply unemployed; they are both jobless and hopeless.
IF HE WANTED TO IMPROVE THE ECONOMY, THEN OBAMA HAS BEEN A MISERABLE FAILURE.
I personally know nobody unemployed who has found a job in the past several months. Nobody!
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