The relationship between the actual number of people employed to the total population is the ratio that I watch closely every month. Once again, why? Well, the more people employed the more taxes the government gets to collect in order to make all those entitlement payments every month and, of course, to reduce the size of the federal deficit. Therefore, you definitely want a large "employment to population ratio" to feed the beast. For July, the ratio was 58.8%, down from 58.9% in June.
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