{"id":187686,"date":"2011-04-04T21:12:00","date_gmt":"2011-04-05T02:12:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/04\/04\/last-weeks-employment-data\/"},"modified":"2011-04-04T21:12:00","modified_gmt":"2011-04-05T02:12:00","slug":"last-weeks-employment-data","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/04\/04\/last-weeks-employment-data\/","title":{"rendered":"Last Week&#8217;s Employment Data"},"content":{"rendered":"<div style=\"border: 1px solid black; float: right; margin: 0px 10px; padding: 5px; text-align: center; width: 400px;\">Click for full size<\/p>\n<hr \/>\n<p><a href=\"http:\/\/img228.imageshack.us\/img228\/2514\/epratio2920715.jpg\"><img decoding=\"async\" border=\"0\" bordercolor=\"white\" src=\"http:\/\/img228.imageshack.us\/img228\/2514\/epratio2920715.jpg\" width=\"390\" \/><\/a> <span style=\"font-style: italic;\">Employment-Population ratio h\/t <a href=\"http:\/\/krugman.blogs.nytimes.com\/2011\/04\/01\/been-down-so-long\/\">Paul Krugman<\/a><\/span><\/div>\n<p>So the federal unemployment numbers came out on Friday, and <a href=\"http:\/\/www.nytimes.com\/2011\/04\/02\/business\/economy\/02jobs.html?src=twrhp\">employment rose by 216,000 and the unemployment rate fell to 8.8%<\/a>.<\/p>\n<p>This is good news, employment actually rose by more than the natural growth of the workforce, about 175K, but this still means that it would take about 13 years for the 8 million people who have lost jobs to become employed again.<\/p>\n<p>When one looks at the employment population ratio (see graph Pr0n) and you can see that it&nbsp; has the lowest that it has been done in a decade, so a lot of the falling unemployment numbers are people leaving the workforce, whether it is early retirement, going on disability, or just giving up.<\/p>\n<p>It&#8217;s still basically a jobless &#8220;recovery&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click for full size Employment-Population ratio h\/t Paul Krugman So the federal unemployment numbers came out on Friday, and employment rose by 216,000 and the unemployment rate fell to 8.8%. This is good news, employment actually rose by more than the natural growth of the workforce, about 175K, but this still means that it would &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,975],"tags":[],"class_list":["post-187686","post","type-post","status-publish","format-standard","hentry","category-economy","category-employment"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/187686"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=187686"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/187686\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=187686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=187686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=187686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}