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Employment v Unemployment – December 2012

04 Jan

The Unemployment Rate is out again today with no change at 7.8% (apparently November 2012 was revised up to 7.8%), but there was an actual uptick in the labor force (155,319,000 up to 155,511,000).  The Labor Force Participation Rate remained unchanged at an anemic 63.6% (down from 65.7% at the start of Obama’s 1st term).

We can be heartened at the fact that another major exit from the work force did not occur.

Employment v Unemployment 20121231 - 01

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The graph continues to look ugly:

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Posted by on January 4, 2013 in Economy, Unemployment

 

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