Details: Bureau of Labor Statistics, 2020 Adjustments
BLS made a large adjustment to Population and Employment in Jan. 2020.
Employment to Pop 25-54
Employment to Pop 25-54 (Since 1999)
21st Century Working-age Employment Rate ()
US Population growth vs. Employment growth (age: 25 to 54)
Growth since end of year 1999
Employment = ()
The delta (deficit) between known full employment (81.48% in 1999) and the current rate () is jobs. The seasonally adjusted employment to population ratio (Employment Rate) was 81.48% in 1999.
Chart depicts growth in employment and population for the 21st century (age: 25 to 54).
Why are we using the 25 to 54 age group?
This is the age group that must thrive and purchase a home for a successful retirement.
This is the age group that includes the majority of new immigrants.(56% of new Legal Permanent Residents (614,848) in this age group in 2018)
*Unadjusted data is used because adjusted data is not available for both data-sets
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/delta, the employment growth for the period is subtracted from the population growth. This would be the required employment growth to restore the Employment to Population Ratio to end of year 1999 levels.