The Unemployment Statistics & The Job Shortage Data
The Workers in the Middle of the Numbers
The US Department of Labor, Bureau of Labor Statistics in its May 2024 News Release titled THE EMPLOYMENT SITUATION — MAY 2024 reports the following:Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent.Both the labor force participation rate, at 62.5 percent, and the employment-population ratio, at 60.1 percent, were little changed... ReadMore