Peak Employment

Peak Employment The employment to population ratio peaked at about 65% and just prior to the last recession was 63%. During the recession, the rate quickly plummeted to about 58.5% and has barely budged since. While part of the decline is due to weak growth, it is also partly due to retiring Baby Boomers. Due to this graying cohort, even at full recovery, the employment to population ratio probably won’t exceed 61%.