Determining the employment-population ratio

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Reference no: EM131023301

An article published in the New York Times in July 2011 argued: "For the second straight year, the recovery in the job market has essentially stalled. This chart, showing the share of adults with jobs, offers the best summary you'll find." The "share of adults with jobs" is known more formally as the employment-population ratio. Why might the employment-population ratio provide the "best summary" of the state of the job market rather than the unemployment rate?

Reference no: EM131023301

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