The Shocking Truth About Unemployment In America In One Chart

Sorry I don't know how to embed graphs on this forum. But anyway have a good read of the full article posted below at the link. This is the economic collapse blog but as I have said before, the writer makes a good solid case to support his views. His view in this instance, that there is no employment recovery in the United States despite the BS coming out of Washington and MSM. If you reserve any doubt about a so called employment recovery, see this article, particularly the charts.

Source

The mainstream media is not telling you the truth about unemployment in the United States. The percentage of working age Americans that are employed is not increasing. In March 2010, 58.5 percent of all working age Americans had a job. In March 2012, 58.5 percent of all working age Americans had a job. So if the employment rate is exactly the same as it was two years ago, then how in the world can the Obama administration claim that things have gotten significantly better since then? According to the Bureau of Labor Statistics, the official unemployment rate in the United States was 9.8 percent in March 2010 and it declined to 8.2 percent in March 2012. So how is this possible if the percentage of working age Americans that have jobs hasn't moved? Well, what they do is they claim that there are millions upon millions of Americans that have "left the labor force". In other words, they claim that there are millions upon millions of unemployed Americans that don't want jobs anymore. Of course that is a total farce, but the mainstream media and most Americans are buying it. They actually believe that the unemployment rate is going down. But the truth is that the unemployment crisis in America has not subsided. In fact, we are pretty much exactly where we were two years ago, and things are about to get a whole lot worse.

If you want to know the shocking truth about unemployment in America, all you need to do is to look at one chart. The chart posted below shows the change in the employment-population ratio over the past few years. What the employment-population ratio measures is the percentage of working age Americans that actually have jobs. As you can see, it fell dramatically during 2008 and 2009, and since then it has been hovering between 58 and 59 percent....

theeconomiccollapseblog.com...

So there has been no employment recovery, and this is very odd because the employment-population ratio always bounces back after a recession.

The chart posted below shows how the employment-population ratio has changed since the late 1940s. The shaded areas represent recessions. Please take note that after every single recession (other than the current one) the employment-population ratio has always bounced back substantially.

theeconomiccollapseblog.com...

This chart was posted today over at Zero Hedge as the "chart of the day" and I think it does a good job of showing the discrepancy between the employed population percentage and the unemployment rate.

And when the shenanigans began...

edit: Be sure to scroll to the right to see the lines diverge.

Yup. Everything else is smoke and mirrors. The only number that makes sense is

how many people ya got?

how many are working?

This is a chart of the ratio of total working age people to people who have jobs. Falling off a cliff in 2008.

Attempting to put chart here. Might be a link only.. Sometimes they embed if the image is small.

reply to post by AnonymousCitizen


Yep have a look at the divergence between UE and Employment to Population ratio. I would be interested to see that graph from the 1940s with the UE rate as per the chart on the EC blog.

Just a theory, if the Percentage of working age people employed stayed the same, but the population of the country increased (birth rate/death rate) then theoretically, it would drive the unemployment rate down, as a percentage of the whole population, would it not?