Total Labor Force (CIVILIAN LABOR FORCE —Persons aged 16 and over who are working or looking for work) in 2007:
153.1 million persons of which 70,988,000 were women and 82,136,000 were men.
LABOR FORCE PARTICIPATION RATE—the percent of persons in the labor force as compared with the number of persons in the population:
EMPLOYMENT and UNEMPLOYMENT—67,792,000 women were employed as compared with 78,254,000 men; 3,196,000 women were unemployed compared with 3,882,000 unemployed men.
* 2007, total U.S. employment grew to 146.0 million persons
http://www.dol.gov/wb/factsheets/Qf-ESWM07.htmBUT WAIT! THERE'S MORE!
US Economy Will Return To December 2007 Employment Levels... In 2021!http://www.zerohedge.com/article/us-economy-will-return-december-2007-employment-levels-2021...a new report by the Center for Economic and Policy Research concludes that digging ourselves out of the current unemployment hole, which is 7.5 million less people having jobs than did in December 2007, will take at least 4 years, and not occur prior to March 2014. However, this assumes a flat working-age population, something the Fed would love to be the case. Alas, the country is growing: and if one incorporates the effects of labor force growth into the above analysis, as the CEPR authors have done using CBO projections, then we may have a much larger problem on our hands: the study concludes that taking into account the approximately 14 million new job seekers in the future, then the December 2007 unemployment rate will not be met until April 2021! Welcome to the new normal. Of course, both of these analyses assume that the economy will immediately commence growing and generating jobs at the recovery rate seen in the 2000s, when about 166,000 jobs per month were being added. With every month that this does not happen the 2021 date will continue being pushed out further into the future...
WHAT THIS STATISTIC OF 46% POPULATION EMPLOYMENT IS USED FOR BITCHING ABOUT IS HOW FEW PEOPLE ARE PAYING INCOME TAX, MOST LIKELY....