U.S. fact of the day

The US has roughly the same number of jobs today as it had in 2000, but the population is well over 30,000,000 larger. To get to a civilian employment-to-population ratio equal to that in 2000, we would have to gain some 18 MILLION jobs.

Here is more.  People will differ, of course, in terms of how much they see this as growing leisure or stagnation.

By the way, the current unemployment rate for those with a Bachelor’s degree or higher is about five percent.  In which direction does that auxiliary fact push you?

Hat tip goes to Richard Harper on Twitter.


Comments for this post are closed