Friday, July 2, 2021

America continues in decline, undershooting its potential by 13 million full-time jobs

Full-time employment in June 2021 in the US, not seasonally adjusted, was 48.7% of civilian noninstitutional population. The average level had been 50.4% in 2019, historically anemic. That's a deficit of 4.6 million full-time jobs in June 2021 compared with the 2019 average.
 
If you can imagine full-time employment at 53.6% of civilian noninstitutional population as in the year 2000, you are talking about 140 million with full-time jobs today instead of the actual 127 million. America continues in decline undershooting its potential by 13 million full-time.
 
Sad!

 
 
48.7% June 2021