There has been very little recovery of the employment share from its business-cycle nadir trough. Very little. And it isn’t happening now. Fromhttp://www.bls.gov/: Two-thirds of the 1.2%-point reduction in the unemployment rate in the past year comes from a further decline in labor-force participation; only one-third comes from an increase in the employment-to-population ratio: Nominal … Continue reading Another Employment Report with Yet Another Data Point in the Continuing Flat-Lining of the Employment-to-Population Ratio