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Reading the Employment Numbers: The Missing Workers

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By Bill Barclay

Hampton Roads Partnership/Flickr

By Bill Barclay

The July “Employment Situation” report from the federal Bureau of Labor Statistics (BLS) has stimulated a range of responses. On the plus side for workers, over 200,000 additional people were employed compared to June. This extended the string of positive job numbers for private sector employers to 52 months, among the longest on record. Over the past 12 months, the U.S. economy has generated a little over 2 million new jobs.

So, what can we say about who is and who isn’t employed? And, are there any concerns that remain about the recovery from the “Great Recession?”

The answer to the latter question is, unfortunately, yes. And that yes is connected to who has – and more to who has not – the jobs that have been created over the five plus years since the official end of the Great Recession.

Source: Reading the Employment Numbers: The Missing Workers