Saturday, July 9, 2011
Apologies for the blog silence last week. I had to go out to California on business, and ended up with a bunch of early meetings and early flights, and was unable to get a blog post done. I'll try to make it up a bit this weekend.
You probably heard that the employment report on Friday was very mediocre. My preferred indicator is the employment/population ratio of men aged 25-54, which has been gradually slipping for decades. As you can see in the graph above, it's been moving sideways the last few months, after recovering only very slightly since the depths of the great recession.
Interestingly, female employment has not recovered at all, and in fact has continued to worsen during the "recovery":