Attention Economy


Monday, July 11, 2011

US Labor Market Highlights

The following info is from the BLS:

Number of unemployed persons: 14.1 million
Civilian labor force participation rate: 64.1 %
Employment-population ratio: 58.2 %
Long-term unemployed (those jobless for 27 weeks and over): 6.3 million (44.4 % of the unemployed)


The 'jobless problem':
http://www.bloomberg.com/news/2011-07-10/fed-data-cruncher-finds-no-new-normal-unemployment-with-nationwide-figures.html


Updates:


WSJ's evaluation of sectoral labor market performance during the recovery:
http://online.wsj.com/article/SB10001424052702304584404576440203602314190.html


The Economist provides a good analysis of the July BLS report:
http://www.economist.com/blogs/freeexchange/2011/07/americas-labour-market