The single most accurate indicator of labor-market health is the employment-to-population ratio.
Unfortunately for the United States, it’s not looking any good … and it hasn’t for over two years.
People say a picture is worth a thousand words. In this case, a chart is worth many more.
[Actually, it would be nice if this chart got all of the politicians to stop blubbering away with their thousands of words, and instead take some time to truly ponder what the data is telling us!]