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Employment-to-Population Ratio Rises to Highest Level of Recovery

Friday, 08 January 2016 11:58 By Dean Baker, Center for Economic and Policy Research | Report
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The Labor Department reported that the economy added 292,000 jobs in December. There were also upward revisions to job growth for the prior two months, bringing the three month average to 284,000. The growth was widely spread across industries, with construction adding 45,000, employment services adding 42,300, and health care 39,400. However there is still little evidence that the tighter labor market is translating into stronger wage growth. The average hourly wage reportedly fell by 1 cent in the month.

The household survey showed the unemployment rate remained at 5.0 percent, but the EPOP rose to 59.5 percent, the highest rate of the recovery. Over the last two months, employment reportedly grew by 732,000. While the monthly employment numbers are erratic, this could be evidence that people are finally re-entering the labor force as the labor market strengthens.

This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Dean Baker

Dean Baker is a macroeconomist and codirector of the Center for Economic and Policy Research in Washington, DC. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. He is a regular Truthout columnist and a member of Truthout's Board of Advisers.


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Employment-to-Population Ratio Rises to Highest Level of Recovery

Friday, 08 January 2016 11:58 By Dean Baker, Center for Economic and Policy Research | Report
  • font size decrease font size decrease font size increase font size increase font size
  • Print

The Labor Department reported that the economy added 292,000 jobs in December. There were also upward revisions to job growth for the prior two months, bringing the three month average to 284,000. The growth was widely spread across industries, with construction adding 45,000, employment services adding 42,300, and health care 39,400. However there is still little evidence that the tighter labor market is translating into stronger wage growth. The average hourly wage reportedly fell by 1 cent in the month.

The household survey showed the unemployment rate remained at 5.0 percent, but the EPOP rose to 59.5 percent, the highest rate of the recovery. Over the last two months, employment reportedly grew by 732,000. While the monthly employment numbers are erratic, this could be evidence that people are finally re-entering the labor force as the labor market strengthens.

This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Dean Baker

Dean Baker is a macroeconomist and codirector of the Center for Economic and Policy Research in Washington, DC. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University. He is a regular Truthout columnist and a member of Truthout's Board of Advisers.


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blog comments powered by Disqus