Growth: Population vs. Employment

21^st Century Working-age Employment Deficit = 3,552,000

The employment to population ratio in this age-group is under performing at, 54.65% during this century.
This age-group experienced an 81.48% Employment Rate in December 1999.

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

• Data:
• FRED Chart Civilian Noninstitutional Population - 25 to 54 years (LNU00000060)
• FRED Chart Employment Level: 25 to 54 years (LNU02000060)
• Current to November 2018 -- Baseline zero = December 31, 1999.
• *Unadjusted data is used because adjusted data is not available for both data-sets

Method:
In the 25 to 54 year age-group, the population level of December 31, 1999, is subtracted from the current population level. Likewise, the employment level of December 31, 1999, is subtracted from the current employment level. This produces a January 1, 2000, zero level for the chart.
To find the employment deficit, the employment growth for the period is subtracted from the population growth. This would be the required employment growth to provide 100% employment in relation to population growth.
The seasonally adjusted employment to population ratio (Employment Rate) was 81.48% in December 1999.

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Metrics by Presidential Administration

Bush Administration

	Population	Employment	EMP RATE
Begin	118,734	96,991	81.7%
End	126,009	100,653	79.9%
Growth	7,275	3,662
Employment Rate of (added) Population			50.3%
Numbers in 000s

Obama Administration

	Population	Employment	EMP RATE
Begin	126,009	100,653	79.9%
End	125,970	98,417	78.1%
Growth	-39	-2,236
Employment Rate of (added) Population			100% unemployed
Numbers in 000s

Trump Administration (Nov. 2018)

	Population	Employment	EMP RATE
Begin	125,970	98,417	78.1%
End	126,568	101,273	80.0%
Growth	598	2,856
Employment Rate of (added) Population			477.6%
Numbers in 000s

End of Period Job Deficit
(81.7% as full employment of 1999)

Bush	2,296
Obama	4,500
Trump (November 2018)	2,133
Numbers in 000s