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Refuting the idea the declining employment-to-population ratio is a sign of a weak labor market,...

Refuting the idea the declining employment-to-population ratio is a sign of a weak labor market, Scott Sumner points out the ratio was far higher in the late 70s than it was throughout the 60s - which was the stronger jobs era? The ratio has been declining since 2000, notes Sumner. Something more secular - and quite likely benign - is at work.
Comments (3)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    So, even if you buy this idiotic "quite likely benign" premise, is it a GOOD thing that more and more people get government payments of some sort with the percentage on the way up, but there are fewer and fewer people working and paying into the system that funds those entitlement programs? Who is this Sumner joker? He's clueless enough to be on the Fed.
    12 Oct 2012, 10:51 AM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    Totally agree! I should run right out and tell all the guys on my block that are unemployed not to worry - It's just a trend that the math says is not a sign of a weak labor market. Just a growing trend that a real POTUS can not change.
    12 Oct 2012, 11:07 AM Reply Like
  • jclampit
    , contributor
    Comments (3) | Send Message
     
    One state did not report, so that state negative numbers were not added to the total numbers. one month before the election. Oh well,I am sure it will be corrected after the election
    12 Oct 2012, 11:09 AM Reply Like
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