However, although the labor market is improving, he still has big problems. For example, the level of the active population continues to decline, accounting for 64.2% already from a peak of 66,4% in early 2007. Strictly speaking, the fall in unemployment in recent months, with 9,8% to 8,9% due almost entirely to that previously unemployed people are leaving the labor force, and not the fact that people find work. Since September, employment rose by less than 200,000, while the number of unemployed declined by more than 1.1 million, largely due to the fact that 1.4 million people left the labor force. Over the past three years, these have already accumulated about 7 million now in America, 140 million are employed in the total population of 310 million, in other words, only 45% of the population are working. Not surprisingly, the U.S. is weakening.
Monday, March 7, 2011
U.S. labor market - still sick
However, although the labor market is improving, he still has big problems. For example, the level of the active population continues to decline, accounting for 64.2% already from a peak of 66,4% in early 2007. Strictly speaking, the fall in unemployment in recent months, with 9,8% to 8,9% due almost entirely to that previously unemployed people are leaving the labor force, and not the fact that people find work. Since September, employment rose by less than 200,000, while the number of unemployed declined by more than 1.1 million, largely due to the fact that 1.4 million people left the labor force. Over the past three years, these have already accumulated about 7 million now in America, 140 million are employed in the total population of 310 million, in other words, only 45% of the population are working. Not surprisingly, the U.S. is weakening.