Seeking Alpha

William J. McKi...'s  Instablog

William J. McKibbin
Send Message
Dr William J McKibbin is a risk modeler, decision analyst, and educator specializing in forecasting, simulation, optimization, stochastics, statistics, programming, training, and presentation support. Dr McKibbin has been in professional practice serving companies in various capacities as... More
My company:
McKibbinUSA LLC
My blog:
The Vantage Point
  • US Employment To Population Ratio 1948-2012 0 comments
    Apr 7, 2012 12:44 PM

    The heat chart below depicts the unadjusted US Employment to Population ratio between January 1948 and March 2012 inclusive as reported by the Bureau of Labor Statistics (BLS). Relative intensity is reported using a spectral color range between green and red, with green reflecting a higher than normal monthly ratio for this multi-year analysis.

    [click image to expand]

    Many economists believe that reporting the number employed as a percentage of the civilian population provides a more accurate description of the current state of employment than conjecturing the number of "unemployed" in a population. The US employment to population ratio reached an historical peak of 64.4% on an annual basis in 2000. *The BLS defines employment and population (civilian noninstitutional) as follows:

    Employment consists of all persons who, during the reference week (the calendar week including the twelfth day of the month), (a) did any work at all (at least 1 hour) as paid employees, worked in their own business or profession or on their own farm, or worked 15 hours or more as unpaid workers in an enterprise operated by a member of the family, or (b) were not working but had jobs or businesses from which they were temporarily absent because of vacation, illness, bad weather, childcare problems, maternity or paternity leave, labor-management dispute, job training, or other family or personal reasons, whether or not they were paid for the time off or were seeking other jobs.... The civilian noninstitutional population consists of persons 16 years of age and older residing in the 50 States and the District of Columbia who are not inmates of institutions (for example, penal and mental facilities and homes for the aged) and who are not on active duty in the Armed Forces.

    Source: Bureau of Labor Statistics

    Related Posts

Back To William J. McKibbin's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Most Commented
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.