Employment keeps sagging in the Obama recovery

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But as the recovery unfolds, it’s becoming increasingly clear that another, perhaps more relevant measurement of the U.S. labor market has simply fallen down and cannot get up.

This is the employment-population ratio — that is, the employment rate, or the share of working-age Americans who currently hold jobs.

The unemployment rate measures how many Americans are out of work who are actively seeking jobs.

 

 

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