Jan 10, 2010

US Employment Rate Halleluja

As a professional actuary, just take a look at the next selected "Dave Rosenberg's charts" , showing:

  • Chrt2: The true measure of US Joblessness end 2009: 17%
  • Chrt3: Median duration of unemployment rose to 20.5 weeks
  • Chrt5: Overall employment rate is 58%, lowest since 1983





You don't have be an actuary to understand the importance of a healthy Employment-to-population ratio, given the increase of the 'aging population' in the next decades....

As an expert in statistics, would you say we're on the right track?
What would you advice US?

Used Sources:
- Excellent original article by Dave Rosenberg (pdf)
- The lost decade
- Forget Unemployment, The Real Nightmare Is EMPLOYMENT
- Dutch: De Amerikaanse banenhoax

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