Archive for April, 2013
The employment-population ratio, the measure of the number of employed civilians of working age compared to total civilians of working age, has dropped 4.9% from the most recent peak of 63.4% in December 2006 to 58.5% in March 2013. The last time the ratio was this low, prior to the 2007 downturn, was October of 1983.
For more information, see our Employment Report.
–Data from the St. Louis Federal Reserve
Americans are continuing to de-leverage and this trend is very clear in a recent New York Fed study that shows fewer young people are buying houses are cars, although nearly 45% of them are attending college.
–from The Atlantic
The US has the 2nd highest child poverty levels in the Western World, after Romania. Quite surprising how many countries that are thought of as comparatively poor have significantly lower child poverty rates. This chart uses Fuchs’ poverty threshold, which is less than 50% of the median income.
–from AFP and reddit.
Compared to many market crashes, the percent loss of Bitcoin is staggering. Of course, it’s not quite apples to apples–a currency vs. an entire stock market, but even so, the notion that the Bitcoin drop was more than six times more extreme than the stock market decline in the fall of 2008.
–from Business Insider
The number of people quitting their jobs, part of the Job Openings and Labor Turnover Survey (JOLTS), is at the highest level since 2008, and up significantly over the past few months. This implies that people are comfortable enough to quit their jobs and assume they can find another. For more information, see our JOLTS Report.
–from Business Insider
Of employees with a household income of $75,000, 48% expect a pay raise this year. In comparison, only 30% of those with a household income of less than $30,000 expect an increase this year. This is an interesting new perspective on perceived inequality–those further from the bottom expect more. The differences between men and women are surprising as well. Click through for more charts.
–from Benzinga.com and Glassdoor.com
This fantastic info-graphic shows the various categories of people both in and out of the labor force. It is surprising that 5% of the population is legally disabled–this notion has been getting some attention recently and is sure to get more. Click through for details.
–from The Atlantic and Bloomberg BusinessWeek