Using the raw employment-to-population ratio (EPOP) to measure labor market strength can be problematic. The author proposes an adjustment to EPOP’s calculation that disentangles employment outcomes from changes in labor force participation.
Using the raw employment-to-population ratio (EPOP) to measure labor market strength can be problematic. The author proposes an adjustment to EPOP’s calculation that disentangles employment outcomes from changes in labor force participation.