BREITBART NEWS: The share of prime working-age Americans with jobs in July was greater than its been any time since the last recession.
The share of the 25- to 54-year-old population with jobs, known as the prime age employment-population ratio, rose to 79.5 percent in July, according to data from the Federal Reserve. That is the highest level since May of 2008.
The employment-population ratio for Americans of over the age of 16 grew to 60.5 percent on Friday. The ratio, which plummeted from 62.7 percent to 58.2 percent between December 2007 and July 2008, has recovered to its highest level since the Great Recession. That rise is particularly impressive because the aging of the American population exerts constant downward pressure on the ratio.
The U.S. economy added 157,000 jobs in July and the unemployment rate ticked down to 3.9 percent from 4 percent, the Labor Department said Friday. That’s near the 18-year low of 3.8 percent reached in May.
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