The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless, according to Bureau of Labor Statistics.
Are there too many people, not enough jobs?
We can put our feet up, let the robots take over. But in his new book The Wealth of Humans, Economist editor and columnist Ryan Avent reflects on a world of too many workers with too little work for them do, and finds that the future looks crushingly bleak before it gets any better.
Why are so many people still out of work?
Businesses are reopening and more people are going back to their place of work, as lockdown is lifted. Measures like the furlough scheme have helped to protect jobs during the pandemic, but the number of people out of work is still expected to grow.
How many jobs have been lost in the United States?
Since then 9,475,000 jobs have been lost according to the employer survey. From a trough of 130,161,000 in April 2020, the US has added 12,887,000 jobs according to CES employment figures. CPS employment reached a maximum of 158,735,000 in December 2019. 8,496,000 have been lost since then according to the household survey.
Businesses are reopening and more people are going back to their place of work, as lockdown is lifted. Measures like the furlough scheme have helped to protect jobs during the pandemic, but the number of people out of work is still expected to grow. How many people are unemployed now?
How many people are employed in the world?
Late last night the ILO published their Global Employment Trends 2011. The report shows that as the population of the world approaches 7 billion people, 3 billion are employed and 205 million are unemployed. Before we jump to any conclusions about these base figures,…
