Next up, the employment population ratio:
June 1985 – 59.8%
May 2013 – 58.6%
Many economists consider the employment population ratio to be THE most important indicator for the labor market, and it’s interesting to note that we are currently 1.2% under the rate posted in June of 1985, which is quite a difference.
Next up – the labor force participation rate:
June 1985 – 64.6%
May 2013 – 63.4%
Again, another significant difference.