Unemployment reached 9.2%. However as we can see above there appears to be more in the work force. There now are 132.0 M nonfarm workers up from 129.6 M nonfarm at the low point. That is 2.4 M new workers but the population has grown by 4.5 M and we typically have 45% of that in the work force. Thus we have been keeping pace with the growing population and falling behind with those unemployed.
This is another of our monthly graphs which shows population and employment. There is a clear drop at the bottom but we seem slowly to be coming out despite the increase in percent.
This is the unemployment assuming normal workforce seekers and unemployment using the adjusted numbers. There is an increase in both which is a concern.
If employment and the economy is a political determinant then the 2012 elections will be interesting.
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