Rob Wile
Most people are aware that the labor participation rate — the percent of the population that is both unemployed and unemployed (i.e. the total labor force) — has declined precipitously since the recession, now standing at 64 percent.
Take out the unemployed, and that ratio declines even further.
This figure, called the unemployment-population ratio, stood at 58.5 percent in December — a 6.6 percent drop from 2007.
Most people are aware that the labor participation rate — the percent of the population that is both unemployed and unemployed (i.e. the total labor force) — has declined precipitously since the recession, now standing at 64 percent.
Take out the unemployed, and that ratio declines even further.
This figure, called the unemployment-population ratio, stood at 58.5 percent in December — a 6.6 percent drop from 2007.
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