Friday, January 17, 2014
The latest Current Population Survey (and Current Employment Survey) data show a labor market that barely grew, once you account for demographics. Earlier posts (most recently Auto Recovery, yes ... but as for the rest) provide snapshots of employment and employment corrected for involuntary short hours, both relative to an employment-propensity weighted population projection. Here's another cut, shifts in age-specific ratios of employment to population. That helps correct for the aging of the baby boomers (but misses shifts in people on involuntary short hours). Unfortunately BLS doesn't post these ratios broken down by gender. Anyway, here are the data for January 2009 through December 2013; they provide a "cut" that doesn't seem to be widely reported but is a useful complement to those that are.