A Tale of Two Labor Markets: Today and ’83-’84
July 09, 2011 at 08:51 AM EDT
Today’s jobs report provides yet more evidence that this is a recovery in name only. The 9.2 percent unemployment rate is certainly a serious problem, but you can understand the problem a little better by looking at the percentage of working-age Americans who are actually working. This percentage declined again to 58.2 percent in June, [...]