Unemployment

The unemployment figures come out every month and they just confuse the issue. Historically about 63% of people eligible to work are working but that percentage dropped during the last recession and it has not recovered. Here are the numbers: March 2008: 62.7 percent March 2009: 59.9 percent March 2010: 58.5 percent March 2011: 58.4 percent March 2012: 58.5 percent March 2013: 58.5 percent This shows that over the past four years the number of people starting jobs and the number of people retiring have just about equaled the new young people coming into the work market but we have not recaptured the jobs lost during the recession. Normally after a recession the lost jobs are gained back in a couple of years.