I get the point you are trying to make, but consider this. The total population will also consider a significant number of seniors and children, and measuring the employment ratio against that would only be flawed. A better estimate would be to delete the "searching for work" category, though I find it hard to believe that anyone would stop looking for work in hard times- would actually expect the reverse as that would help people ensure some income to the house in a bad economy.
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I get the point you are trying to make, but consider this. The total population will also consider a significant number of seniors and children, and measuring the employment ratio against that would only be flawed. A better estimate would be to delete the "searching for work" category, though I find it hard to believe that anyone would stop looking for work in hard times- would actually expect the reverse as that would help people ensure some income to the house in a bad economy.
Dec 11 02:16 am
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All Comments by PseudoBrain »A Look at November's Jobs Report [View article]