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

|By:, SA News Editor

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.