Pethokoukis

Chart of the Day: America’s missing 11 million workers

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AEI colleague Michael Strain notes, in a blog post, that the employment-to-population ratio is his favorite way of looking at the U.S. labor market.

This number is simply the number of folks holding any jobs as a percentage of population. Before the Great Recession, that number was around 63%. In the July jobs report, that numbers was 58.4%. To get back to the pre-Great Recession level, we need to create an addition 11 million workers.

Right now, America just isn’t working the way it should.

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