Employment July 2014

The above is the totality numbers. Reported unemployment is 6.1% but we are still at 9% if we use the 2006 base numbers. The reported numbers are getting lower faster than the pegged numbers because people are just plain leaving the workforce and living on the dole.

This is the chart which shows that we now have the same number employed as we did before the recent Recession. Big deal! We now also have over 10 million more employable people. We also have more employees now than we did in 1835 but who cares! The Administration likes to spin but there is little to truly spin here.

The above is a summary showing that as a percent we have a permanent loss of 1.5% of the employables or a 3% drop from before the Recession.