We’re Still Not Quite at Full Employment

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Here’s another look at how the economy is doing:

The overall labor force participation rate is hard to draw conclusions from because it includes students and retirees. Some of the change in these categories might be related to the state of the economy, but some of it is simply voluntary and demographic.

By looking only at prime-age workers, we eliminate this point of confusion. The good news is that the participation rate has been increasing for the past two years. The bad news is that we’re still roughly 1 percentage point away from full employment. That’s about a million people, give or take. The economy continues to improve, but it still has a ways to go before it’s firing on all cylinders.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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