Sunday, May 20, 2018

A jobs recovery to the trend line suggests we have a jobs gap of about 5 million in April 2018

The chart shows the trend line for the percent of the population employed in Aprils since 1948. Recovery to this trend line in April 2018 would mean about 62.3% employed instead of 60.3%, implying a jobs gap of about 5.1 million.

Miles to go before he sleeps, and promises to keep . . ..