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The U.S. Employment Situation, Economy, QE and Stock Prices in Context

Moonbat Exterminator Wrote: Mar 17, 2013 11:41 AM
Sooner or later, interest rates will return to historical levels. If they rise to about 10%, not unheard of especially considering the cumulative effect of all this QE, the debt service expense will absorb nearly all tax revenus collected. The aftermath of that will make what we just went through look like a Sunday School picnic.

In February 2013, the U.S. Bureau of Labor Statistics reported that some 143,492,000 Americans were counted as having jobs, as the official unemployment rate for the U.S. dropped to 7.7%. The last time that many Americans were employed was November 2008.

Breaking the employment numbers down by age group, the number of employed Americans included 4,376,000 teens (Age 16-19), 13,527,000 young adults (Age 20-24) and 125,589,000 adults (Age 25+).

Change in Number of Employed by Age Group Since Total Employment Peak in November 2007, as of February 2013