Growth: Population vs. Employment


Working-age job deficit since 1999 = 4,234,000

US Population growth vs. Employment growth (Persons age: 25 to 54)

Current to May 2017 -- Baseline zero = January 2000.


Nowhere near the 'full employment' levels experienced during the last century.
  • Employment Deficit Since (EOY) 1999 (age-group 25 to 54)
  • Bush (2008) = 3,303,000
  • Obama (2016) = 5,390,000
  • Trump (May 2017) = 4,234,000
  • The Trump recovery is a factor of slightly above average employment growth, while the population (growth) levels for the group remain stable at 5.3 million for 2017.


U.S. Bureau of Labor Statistics, Employment Level: 25 to 54 years [LNU02000060], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/LNU02000060, March 18, 2017.




U.S. Bureau of Labor Statistics, Civilian Noninstitutional Population - 25 to 54 years [LNU00000060], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/LNU00000060, March 18, 2017.

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