Posts filed under “Digital Media”
While looking at the unemployment numbers is useful, an additional employment metric that is very interesting over time is the labor force participation rate, since the fudging of “actively looking for work” is not involved. This series trended up because of the increase of women in the workforce through 2001, but is now back down to levels seen in the late 1980s! We’re 3.6% below the level seen in the dotcom boom, which translates to about 8.5 million less people employed. Moreover, the velocity of labor force participation decline in the last six months is particularly striking and does not look like it is approaching bottom.
Labor Force Participation Rate
chart by Mike McCarthy
The numbers on the chart are straight from BLS. The 8.5 million number is a personal calculation though. I pulled the civilian noninstitutional population of 235 million from Table C at BLS. Multiplying 235 million by (64.6 – 61.0) = 8.5 million less jobs than the equivalent 2000 participation rate.
How growth in jobs, in gross domestic product and in disposable income have fared during the Bush administration and those of his 10 most recent predecessors. > via WP > Source: Economy Made Few Gains in Bush Years Eight-Year Period Is Weakest in Decades Neil Irwin and Dan Eggen Washington Post, Monday, January 12, 2009;…Read More
Excellent infographic depicting the enormous costs of the Iraq war. It explains in 10 steps why Secretary of Defense Donald Rumsfeld’s 2003 estimates of the war in Iraq’s costs at $60 billion were so wildly off by 10 times that figure. click for really ginormous graphic By the time the United States leaves Iraq, the…Read More
via NYT > Source: The Chaos Inside a Cancer Cell NICHOLAS WADE NYT, December 25, 2008 http://www.nytimes.com/2008/12/25/science/25visual.html See Also: Why Early Detection Is the Best Way to Beat Cancer Thomas Goetz Wired, 12.22.08 http://www.wired.com/medtech/health/magazine/17-01/ff_cancer