Tags » Labor Force Participation
For the past several years, on the issue of jobs, I’ve focused more on the employment-population ratio rather than the official unemployment rate.
Both figures are important, of course, but I think the employment-population ratio has more economic meaning since our prosperity ultimately is based on how many people are productively employed. 623 more words
The Labor Department reports that in December 2014 the economy added large number of new jobs and that continued the decline in unemployment rate. While this represents good news for the economy, this WSJ report also points out that the weakness in the fact that there is no corresponding growth in wages. 2,351 more words