Friday, 3 May 2013

Charts U.S. Employment March: 165,000 Jobs Added, but Employment/Population Ratio Remains Largely Unchanged

The U.S. economy added 165,000 jobs in March. This is lower than the 181,000 jobs created on average each month since January 2011...


In total, there were 135.474 million employees (nonfarm) in March, 2.568 million fewer employees than at the end of 2007...


This leaves the current (official) unemployment rate at 7.5%, 2.5% points higher than at the end of 2007 and 1.7% higher than the long term average of 5.8% since 1948...


The two charts above show an improvement in employment since the unemployment rate peaked at 10.0% in October 2009. However, the employment-population ratio remains basically unchanged since October 2009. It also shows that the current ratio of 58.6% is 4.1% points lower than the end of 2007 and 0.6% lower than the long term average of 59.2% since 1948....



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