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Employment Situation Continues Ponderously Slow Improvement June 6, 2014

Posted by geoff in News.
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The BLS released the Employment Situation report for May this morning. As always, I’m ignoring the U-3 unemployment number that receives all the attention in the media, and focusing on my own metric – full-time employees divided by the number of people considered to be eligible for the work force.

And as always, that particular metric shows that we are slowly, slowly healing. Slowly. With great, ponderous slowness.

FullTimeEmpvsCivPopJune2014

Slow.

Comments»

1. lauraw - June 6, 2014

Since it is based on full time employment and Obama just slapped the large employers down again by denying them the right to push their employees onto the public plan, can we expect that line to fall again?

Or do you think all the damage has been done already?

2. geoff - June 6, 2014

I don’t think that particular aspect of Obamacare is going to have a huge impact. I think the EPA regulations will have a bigger impact.

My takeaways from the chart are: 1) nothing Obama has done has helped (I believe that he’s hurt the job situation, but that’s difficult to show); 2) he’s awfully complacent about a miserable job situation; 3) it’s going to take another 15 years to get well; and 4) we’ll have another recession or two within that 15 year period, so we’ll never get well.

So, pretty upbeat.

3. Mr Black - June 6, 2014

racist.

4. lauraw - June 9, 2014

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