Unemployment Graph When Labor Force Participation Rate Held Constant

One detail of the BLS reported unemployment rate is that it is highly influenced by variations in the civilian labor force participation rate .

When the civilian labor force participation rate declines, so does the unemployment rate (even when the employment rate does not improve, the unemployment rate can appear to improve when the labor force participation rate decreases).

What would Unemployment look like if the labor force participation rate were held constant?

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Employment-Population Ratio, Correlated with Majority Party, Jan 1995 – Nov 2013

Employment-Population Ratio and Averages, January 1995 - November 2013

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Employment-Population Ratio, Correlated with Majority Party, Jan 1995 – Oct 2013

Employment-Population Ratio and Averages, January 1995 - October 2013

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Obamacare in 3 Pictures

Obamacare in 3 pictures:

The Premium is TOO DAMN HIGH

The Co-pays are TOO DAMN HIGH

The Deductible is TOO DAMN HIGH

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Employment-Population Ratio, Correlated with Majority Party, Jan 1995 – Sep 2013

Employment-Population Ratio and Averages, January 1995 - September 2013

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In Memory of My Friend & All of the Victims, Both Seen & Unseen

September 11th…

It’s been 12 years since my friend, and thousands of other innocent people, were murdered on Tuesday morning, September 11th…

It’s been five years since I wrote this post, and my feelings haven’t changed.

I post this today in memory of my friend and all of the victims of 9/11/2001, both those seen and unseen.

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Employment-Population Ratio, Correlated with Majority Party

Employment-Population Ratio and Averages, January 1995 - August 2013

{Click on graph to enlarge}

Republicans held majority control (2+ out of 3) of the House, Senate, and Presidency from January 3, 1995 to January 3, 2007.

Over those 144 consecutive months, the average Employment-Population ratio was 63.3%, and the last of those 144 consecutive months, the last time that Republicans controlled the House, Senate, and Presidency, December 2006, the Employment-Population Ratio was slightly above that average, coming in at 63.4%.

THAT is what Obama and his fellow Democrats “inherited” from Bush and the outgoing Republican majority!

Nancy Pelosi took control of the House, and Harry Reid took control of the Senate (along with then-Senators Obama, Biden, Clinton, etc.) on January 3, 2007.

Democrats opposed Republican attempts to reform Fannie and Freddie before it was too late.

Democrats raised the minimum wage three times in three years.

Democrats drove the economy into the ditch and then left it in the ditch for four years.

Democrats drove the Employment-Population Ratio down under 59%, where it has stayed for FOUR YEARS.

If we had 63.4% employment today (like we had in December 2006 under Bush and the Republican Congress), instead of 58.6% (like it was in August 2013), then 4.8% more of our population would be employed. How many people does that represent?

According to BLS table A-1, the civilian noninstitutional population age 16 years+ in August 2013 was 245,959,000.

4.8% * 245,959,000 = 11,806,032

If we had the same level of employment that we had during the last month of a Republican House, Republican Senate, and President Bush, then
over 11.8 Million more Americans would be employed right now!

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