Tag Archives: employment as a percentage of working age adults

It is my contention that the official “unemployment rate” has become so politicized and so manipulated that it is essentially meaningless at this point. The following are 10 reasons why.

5 years into the official economic “recovery” the labor participation rate is still lower than when the recession was declared over in June 2009 by almost a percentage point. It is still over 4 percentage points lower than when the recession officially began. The Federal Reserve chart of employment as a percentage of working age adults proves the point that sometimes a picture is worth a thousand words - sometimes much more. Words: 388; Charts: 1