This is simply the rate of employed people to the population, so the ups and 
downs of the labor market in expansions & recessions show up clearly.  Here’s a 
link to a (somewhat oversized) chart showing this rate since 1960:
 
http://1.bp.blogspot.com/_pMscxxELHEg/S5EVUZ5QDoI/AAAAAAAAHr0/njN3zRQfY5A/s1600-h/EmployPopFeb2010.jpg
 
 
 
FYI,
Mike B)
 
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