Don't Be Fooled: Less Unemployment Doesn't Mean More Jobs


by Anthony Sibley (AJ) on May 9, 2014 | Views: 40 | Score: 0
U.S. Employment Rate (%)
200763.3
200862.9
200960.6
201058.5
201158.4
201258.5
201358.6
201458.8
Percentage of Americans Employed, 16 and Older
Sources: data.bls.gov, npr.org, latimes.com
Share:
Facebook Twitter Reddit Linked In Google Plus Pinterest Tumblr Email
URL:
Embed in your web page: (Preview)
Link:

Download image:

VOTE:
VOICE:
Please sign up or log in to comment
Anthony Sibley (AJ)
Anthony Sibley (AJ) on May 9, 2014 2:27 AM said:

While there has been much excitement over the unemployment-rate reaching its lowest level in 5 years, there is still reason for concern. Labor-participation, the percentage of working-age Americans with jobs or seeking them, shrank to a 36-year low, 62.8%, plummeting with the 2007 recession. While the number of unemployed decreased by 733,000 this April, labor-participation actually shrank by 800,000.