At 02:34 PM 9/26/2004 -0400 John D. Giorgis wrote:
>O.k., I probably stated this a bit unclearly in my earlier post - but a key
>consideration has to be rising female labor force participation rates
>during the 60's and 70's, which leveled off by the 1990's. The economy
>simply *had* to create more jobs as more women entered the work force.
Here are some interesting numbers on the employment/population ratio - ie.
the number of adults with jobs.
1950 - 55% (Note, it was 56% the year before, and 57% the year after)
The ratio then floats betwee 55% and just under 58% until 1963, when it
reaches a sustained bottoming out at around 55.5%
>From there, there are two recessionary blips - but otherwise a reasonably
steady increase to
1980 - 60%
Then, the recession hits:
1983 - 57.2%
>From there, we have another strong expansion:
1990 - 63.2%
Another recession drops it down again:
92/93 - 61.5%
1995 - 63.0%
1996 - 62.7%
2000 - 64.6%
Today - 62.4%
So, in terms of employing adults in the economy, the US economy is
currently doing quite well.... not as quite as good as it did during the
bubble years, but still relatively impressive.
JDG
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John D. Giorgis - [EMAIL PROTECTED]
"The liberty we prize is not America's gift to the world,
it is God's gift to humanity." - George W. Bush 1/29/03
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