The jobs numbers are in. And they’re good.
The jobs numbers are in. And they’re good.
Here are some of the important charts we pulled from the guts of the report.
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It’s much lower than it used to be. And there’s an ongoing debate over how much of that is due to the aging US workforce and how much is related to the weakness of the job market in recent years. It’s clearly a combination of both.
The participation rate—those who are employed or unemployed as a share of the population—has likewise declined sharply since the Great Recession, due to the same mix of demographic and economic factors.
It fell to 12.1%, the lowest since October 2008.
