Friday, December 3, 2021

49.35% worked full time in Nov 2021, a new high for the year, vs. 50.52% two years ago at this time: Millions could be working who are not

That works out to 3.1 million missing full time jobs in Nov 2021 compared to Nov 2019 at current population.

We went from adding 1.7 million W-2s in 2019 to subtracting 1.7 million in 2020, a gap of 3.4 million.

Overall in 2021 to date full time has averaged 48.55% of civilian noninstitutional population, still much below the 50.4% average level in 2019.

Potential missing full time is at least 11.1 million at current population level.

The good times get smaller and smaller and smaller in the rear view mirror.