The latest employment data from the Bureau of Labor Statistics (BLS) shows that the US employment to population ratio* stood at 58.1% for March 2011, up from 57.8% the previous month, but down slightly from 58.2% a year ago. The US employment to population ratio has been trending downwards since 2000.
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 StatisticsRelated Posts
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