Employment Is Pretty Close to Reaching Its Peak

This is apropos of nothing in particular. I’m just futzing around with economic figures to see if anything looks interesting. Here’s the employment rate for prime-age (25-54) men and women in the United States:

The employment-population reached its peak in early 2000. It dipped during the 2001 recession and plummeted during the 2009 recession, but has been steadily improving ever since 2012. It’s now at about 97 percent of its level at the peak of the dotcom boom.

There’s no dotcom boom on the horizon right now, so my guess is that the employment population ratio can go up another percentage point and that’s about it. That’s approximately another million jobs before it peaks again, which should take a year or so. By the first half of 2019, the economy probably will have topped out and will be ready to start declining again.

Unless, of course, Republicans decide to artificially boost the economy yet again in hopes of squeezing out just enough activity to keep them in office a little while longer. But if they do, they better be pretty sure of their timing. After all, the bigger the artificial boost, the harder the artificial fall.

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Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

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Truth #5: It's about minority rule.

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Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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