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Can anyone find historical data on this number? It seems like it's the "employment-population ratio" in the report. The closest thing I can find is the "civil
by decode 17y ago
Can anyone find historical data on this number? It seems like it's the "employment-population ratio" in the report. The closest thing I can find is the "civilian labor force participation rate", here:
http://research.stlouisfed.org/fred2/data/CIVPART.txt http://research.stlouisfed.org/fred2/data/CIVPART.txt
Apparently it's currently at 65.5%, which is 1.8% off of the record high from the dot-com boom. That doesn't sound so bad. Of course, I don't understand the difference between the two either.
- yummyfajitas 17y agoNot quite, the employment population ratio is (100% - unemployment) x labor force participation. The labor force is everyone who has a job, or is actively searching for one. Incidentally, both employment rate and labor force participation rate are poor indicators of the economy. Some people don't want a job. That number varies based on all sorts of factors which are unrelated to health of the economy: number of retirees, women's lifestyle choices (stay at home or not), number of children (the little brats don't participate in the labor force), etc.