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| User Info | Employment Report: Blatant And Outrageous Lies; entered at 2012-02-03 14:08:13 | |||
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Colk55 Posts: 2413 Registered: 2010-02-11 Indiana 
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There's another issue that affects overall employment that doesn't get much consideration, probably because these days it's the norm and that's households with multiple workers. I was fiddling around with some JOLTS data a few days ago as well as looking at overall labor participation rate, the participation rate for men and the participation rate for women, which really took off in the 70s as more and more women became participating members of the labor force. Anyway, looking at the women's participation rate, I remembered a graph I saw that showed the rise of multiple income households which coincided of course, with the rise of working women. Now what I found after searching comes from census data so make of it what you will but this is data from the HINC-05 table of the CPS from March of last year(I believe), all numbers rounded. It lists total households at 118.7 million. Of the 118.7 million households, 44.9 million house have one earner, 46.4 million have multiple earners and 27.4 million have no earners. Of the households with multiple earners, 37.5 million have two earners, 6.7 million have three earners and 2.2 million have four earners. The total number of earners is 153.2 million. Based on the total number of earners for multiple income households, 46.4 million households house 103.8 of the 153.2 total number of earners. That's 67.8% of all earners in 39.1% of all households. I know it's not 100% accurate and it doesn't break down whether you're talking full time or seasonal workers but those are still crazy numbers. Regardless of accuracy, every multiple income household takes at least one job away from a household without a single wage earner. You can't blame people because in some, maybe most cases, with the way the economy "works" these days it's a necessity for them. Some are trying to have more for their families, some are just trying to make ends meet but with the way inflation has impacted everyday family life over the past 30-40 years, it's the way things are. There are further breakdowns at the table itself. I'd probably end up with a migraine if I went through the whole thing and broke it down further. Also, I don't know often it's published so I don't know if there's a more recent version. http://www.census.gov/hhes/www/cpstables.... Maybe I'll email this to the Orator in Chief and suggest he propose that every multiple income household eats their peas and surrenders at least one job to a an unemployed person for the good of the country. Then again, I wouldn't want to give him any ideas. He would probably sign an executive order mandating it. 2012-02-03 14:08:13
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