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Thursday, May 08, 2014

The Relatively Jobless Recovery

http://viableopposition.blogspot.ca/2014/05/the-relatively-jobless-recovery.html

Now that the unemployment rate in the United States has finally fallen below the Fed's formerly magic number of 6.5 percent, I thought that it would be prudent to look at the jobs picture from a different perspective and compare America's employment progress to those of its OECD peers.  The OECD's quarterly employment situation analysis for the fourth quarter of 2013 will provide us with the data for this posting.  Please note that employment data reflects the percentage of the total working age population, defined as those potential workers between the ages of 15 and 64 years, in each nation that is actually employed.

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