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progree

(10,901 posts)
51. Lowest employment-to-population ratio in the history of the series (which goes back to 1948)
Sat May 9, 2020, 01:00 PM
May 2020
https://www.bls.gov/news.release/empsit.nr0.htm
The labor force participation rate decreased by 2.5 percentage points over the month to 60.2 percent, the lowest rate since January 1973 (when it was 60.0 percent). Total employment, as measured by the household survey, fell by 22.4 million to 133.4 million. The employment-population ratio, at 51.3 percent, dropped by 8.7 percentage points over the month. This is the lowest rate and largest over-the month decline in the history of the series (seasonally adjusted data are available back to January 1948). (See table A-1.)


Labor force participation rate:

. . . http://data.bls.gov/timeseries/LNS11300000

Employment to population ratio:

. . . http://data.bls.gov/timeseries/LNS12300000
. . . Lowest seems to be 54.9% in October 1949, until now (51.3%)

Of course the unemployment rate is also the lowest in the history of its series, also going back to 1948, but everyone knows that (Trump beats Reagan, the previous post-WWII record holder who peaked out at 10.8%):

In April, the unemployment rate increased by 10.3 percentage points to 14.7 percent. This is the highest rate and
the largest over-the-month increase in the history of the series (seasonally adjusted data are available back to
January 1948).
http://data.bls.gov/timeseries/LNS14000000
Right on time. From the source: mahatmakanejeeves May 2020 #1
I stayed on WaPo's front page and refreshed to try to grab it BumRushDaShow May 2020 #4
I'm waiting for the usual crowd to start up with the "I don't trust the numbers" chant. mahatmakanejeeves May 2020 #6
One of my sisters already texted that sentiment BumRushDaShow May 2020 #8
I have no doubt it's seasonally adjusted somehow. Hugin May 2020 #26
First time I have ever been sitting on the BLS website denem May 2020 #7
That's a shame. BumRushDaShow May 2020 #10
It's fun, isn't it? I don't mean this month's numbers, but the constant hitting of mahatmakanejeeves May 2020 #13
A trip down memory lane. denem May 2020 #19
"...brought employment to its lowest level since February 2011.." (?) Try June 1999, BLS. sandensea May 2020 #42
Looks right to me -- it's talking about the Establishment Survey's nonfarm payroll employment progree May 2020 #43
Yes - that's the one. Thank you. sandensea May 2020 #44
All's I "know" is from the summary and from the technical note .. progree May 2020 #46
Which is funny, b/c they usually use the Population Survey as the metric for emp/unemp data sandensea May 2020 #47
The BLS always presented it this way -- the Establishment Survey data for the number of jobs, and progree May 2020 #48
They were still cherry-picking. It's the lowest since 1999, not '2011' sandensea May 2020 #49
I don't think so. But again, if you can find something in the past progree May 2020 #50
I just gave it to you: The Statistical Abstract of the U.S. (as far back as you like) sandensea May 2020 #52
Then the survey size is of no importance? What the BLS reports on the sample size of the progree May 2020 #53
"When presidents crow about how "since taking office x million jobs have been created..." progree May 2020 #54
Interesting, nothing is available online after 2012, or at all? progree May 2020 #55
Interesting - the 2012 Statistical Abstract includes the Establishment Survey beginning progree May 2020 #56
Are we tired of winning yet? nt Atticus May 2020 #2
These are horrible numbers Gothmog May 2020 #3
And the DOW is up 300 points?!? They seeing a lot of good in 20M losing their jobs? Bengus81 May 2020 #29
The usual: "not as bad as expected", "the market is forward looking" blah blah progree May 2020 #32
Yep....highest unemployment since the Great Depression but Wall St. says..eh,could have been worse!! Bengus81 May 2020 #35
Investors expected the numbers to be worse. n/t Laelth May 2020 #33
We've been reading all day Thursday that 33 million have filed unemployment claims, and the week progree May 2020 #34
Quick....tell investors that the BLS is looking at unemployment numbers of 35% in June Bengus81 May 2020 #57
I agree, there will come a point when "horrible but not as bad as expected" no longer works n/t progree May 2020 #58
In line with expectations (15%) ? denem May 2020 #5
The highest since 1935 sandensea May 2020 #9
Links to charts and graphs from the BLS Twitter account: mahatmakanejeeves May 2020 #11
Anyone remember Trump claiming unemployment was "20 or even 30 percent" in 2016? sop May 2020 #12
HEY GOP ECONOMISTS WHO DON'T BELIEVE IN THE LABOR THEORY OF VALUE! bucolic_frolic May 2020 #14
Actually it's small business that is going to suffer, gab13by13 May 2020 #23
Don't defuse the post by changing the subject bucolic_frolic May 2020 #25
My post is about supply side trickle down economics, gab13by13 May 2020 #27
Easy enough for them to answer FBaggins May 2020 #24
Coronavirus costs the U.S. 20.5 million jobs in April, unemployment soars to 14.7% UpInArms May 2020 #15
The new Herbert Hoover is trump Gothmog May 2020 #16
Additional information: mahatmakanejeeves May 2020 #17
Reference week, April 12th through April 18th. denem May 2020 #18
That will be the next data he will hide or modify to suit his reelection. They're not quite... machoneman May 2020 #20
Additional links: mahatmakanejeeves May 2020 #21
Links to earlier reports: mahatmakanejeeves May 2020 #22
Not as bad as expected, according to MarketWatch's 15 economists. S&P 500 up 1.19%, Dow up 1.36% progree May 2020 #28
We'll probably never see the peak unemployment number in a jobs report mathematic May 2020 #30
Unemployment rate may be almost 5% higher than the reported 14.7%, says BLS in so many words: progree May 2020 #31
As always, look at the U6. maddogesq May 2020 #36
Here's the graph of the U-6 unemployment rate -- the broadest measure that BLS produces progree May 2020 #39
So, according to math... TXPaganBanker May 2020 #37
Winning Baby!!!! Yo_Mama_Been_Loggin May 2020 #38
wait for Trump to accuse the BLS of being the dreaded "deep state" conspiracists and.... steve2470 May 2020 #40
BLS cooking the books again for the Emperor Cryptoad May 2020 #41
"I will be the greatest jobs president that God has ever created," Trump, June 16th, 2015. usregimechange May 2020 #45
Lowest employment-to-population ratio in the history of the series (which goes back to 1948) progree May 2020 #51
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