4 ms·

> According to the U.S. Bureau of Labor Statistics, the percentage of the total U.S. adult population that has a full-time job has been hovering around 48% sinc

> According to the U.S. Bureau of Labor Statistics, the percentage of the total U.S. adult population that has a full-time job has been hovering around 48% since 2010 -- this is the lowest full-time employment level since 1983. I've never heard the statistics for full-time employment. I knew that it would be low, but below 50 percent? That's incredible.

lr4444lr 10y ago
I also wonder what the rate would be if you subtracted out people who involuntarily have to stitch together 40 hours from 2 or more jobs.
- tiatia 10y ago
  http://www.shadowstats.com/alternate_data/unemployment-charts http://www.shadowstats.com/alternate_data/unemployment-chart...
  - knightofmars 10y ago
    http://www.economonitor.com/dolanecon/2015/06/15/deconstructing-shadowstats-part-2-in-search-of-an-alternative-measure-of-unemployment/ http://www.economonitor.com/dolanecon/2015/06/15/deconstruct...
    - knightofmars 10y ago
      tl;dr: "The bottom line here is that the ShadowStats alternate unemployment rate of 23 percent for May 2015, and similar rates for other recent months, are completely implausible. To get an unemployment rate that high, we have to include millions of people who do not even claim to want a job, let alone make any effort to look for one. We have to assume that the status of long-term discouraged worker is a trap from which almost no one escapes from year to year, by finding work, by making even a single unsuccessful attempt to find work during the year, by changing their mind about wanting work, or by death."
wyldfire 10y ago
I don't think it's incredible at all. For much of the 20th century, primarily just adult males in the US held full time jobs. By the end of the 20th century, many adult females also worked, some of which were full time. But throw in retirees, students and disabled, and I think we should expect this number to be in that ballpark. EDIT: it's precisely these factors which cause US BLS to normalize unemployment numbers to exclude people who aren't seeking work.
gregshap 10y ago
As baby boomers age into retirement and retired people are living longer, it takes a higher proportion of full time "prime age" workers to maintain the same overall employment rate
beachstartup 10y ago
'adult' includes students and retired also. and i imagine this doesn't include part time work. i'd say 48% is pretty good, if you consider those facts. i would have expected it to be closer to 33%.

lr4444lr 10y ago

I also wonder what the rate would be if you subtracted out people who involuntarily have to stitch together 40 hours from 2 or more jobs.

tiatia 10y ago
http://www.shadowstats.com/alternate_data/unemployment-charts http://www.shadowstats.com/alternate_data/unemployment-chart...
- knightofmars 10y ago
  http://www.economonitor.com/dolanecon/2015/06/15/deconstructing-shadowstats-part-2-in-search-of-an-alternative-measure-of-unemployment/ http://www.economonitor.com/dolanecon/2015/06/15/deconstruct...
  - knightofmars 10y ago
    tl;dr: "The bottom line here is that the ShadowStats alternate unemployment rate of 23 percent for May 2015, and similar rates for other recent months, are completely implausible. To get an unemployment rate that high, we have to include millions of people who do not even claim to want a job, let alone make any effort to look for one. We have to assume that the status of long-term discouraged worker is a trap from which almost no one escapes from year to year, by finding work, by making even a single unsuccessful attempt to find work during the year, by changing their mind about wanting work, or by death."

wyldfire 10y ago

I don't think it's incredible at all. For much of the 20th century, primarily just adult males in the US held full time jobs. By the end of the 20th century, many adult females also worked, some of which were full time. But throw in retirees, students and disabled, and I think we should expect this number to be in that ballpark. EDIT: it's precisely these factors which cause US BLS to normalize unemployment numbers to exclude people who aren't seeking work.

gregshap 10y ago

As baby boomers age into retirement and retired people are living longer, it takes a higher proportion of full time "prime age" workers to maintain the same overall employment rate

beachstartup 10y ago

'adult' includes students and retired also. and i imagine this doesn't include part time work. i'd say 48% is pretty good, if you consider those facts. i would have expected it to be closer to 33%.