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Calculated Risk

Calculated Risk
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Calculated Risk: Comments on February Employment Report

Permanent Job Losers Click on graph for larger image. This graph shows permanent job losers as a percent of the pre-recession peak in employment through the December report. (ht Joe Weisenthal at Bloomberg) This data is only available back to 1994, so there is only data for three recessions. In February, the number of permanent job losers was mostly unchanged at 3.497 million from 3.503 million in January. Prime (25 to 54 Years Old) Participation Since the overall participation rate has declined due to cyclical (recession) and demographic (aging population, younger people staying in school) reasons, here is the employment-population ratio for the key working age group: 25 to 54 years old.

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