Employment
The latest jobs data continue to demonstrate the slow but steady gain in aggregate employment since the bottom of the Great Recession in 2010. I provided greater detail on employment in a previous post. Here I add two charts, looking at trends relative to population growth and baby boomer retirement, in employment levels corrected for swings in those working (involuntary) short hours. We are now above pre-Great-Recession levels of employment. The second looks at unemployment duration. Short-term unemployment is now at a low level. However, while down, long-term unemployment remains stubbornly high, reflecting