With all the "great" unemployment numbers coming to in time for the election, I thought I would go look at a much better indicator of unemployment: Labor Force Participation. This is essentially what percent of Americans over the age of 16 are currently employed.
While things did get a little bit better than August (63.5%), only 63.6% of Americans (16+ years old) currently have a job. You have to back to the late seventies to early eighties to find numbers that low.
Source:
http://data.bls.gov/timeseries/LNS11300000
While things did get a little bit better than August (63.5%), only 63.6% of Americans (16+ years old) currently have a job. You have to back to the late seventies to early eighties to find numbers that low.
Source:
http://data.bls.gov/timeseries/LNS11300000