An oft-overlooked metric in the nonfarm payroll data is the employment rate, which came in at 58.5% in March and which has been stuck in a narrow range of 58.2-58.7% since 2010. Basically, job creation has risen at the same pace as the population. However, the rate is around five percentage points lower than prior to the recession.
An oft-overlooked metric in the nonfarm payroll data is the employment rate, which came in at...
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