LOCAL FOOTBALL SCORING UPDATES PRESENTED BY THE HUNGRY HOBO:

Letter: When you vote, consider these job market statistics


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Posted Online: Nov. 01, 2012, 2:27 pm
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Many people believe this presidential election will be decided based upon the condition of our economy, and more specifically, based on conditions in the job market.

-- Labor Force Participation Rate -- This ratio is defined as those people working or looking for work as a percentage of the population, and many economists view this figure as a more complete measure of the economy's health than the Unemployment Rate. The Labor Force Participation Rate is currently 63.6 percent, a 31 year low.
-- Unemployment Rate -- This ratio is defined as those people who have sought work in the prior four weeks and those temporarily laid off, divided by the head count of the labor force. The unemployment rate has remained historically very high (over 8 percent for over 40 consecutive months) and recently dropped below 8 percent for the first time in over four years.
-- The U6 Ratio -- This ratio is considered the broadest measure of joblessness, and includes everyone in the unemployment rate plus "Marginally Attached Workers — (those who say they want to work but are not looking at present, and people who want full-time work but are working part-time because that is all the work they can find), divided by the head count of the labor force. This ratio has hovered around 15 percent for the past several years, historically a very high rate.

David T. Roberts,
East Moline



















 



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1864 -- 150 years ago: Recruits can get $500 by enlisting now. Lt Jobe has a recruiting office on Illinois Street.
1889 -- 125 years ago: Superintendent Schnitger formally inaugurated the Rock Island and Davenport Railway Line of the Holmes system by putting on four cars to start.
1914 -- 100 years ago: Wires of the defunct Union Electric Co. are being removed by city electricians.
1939 -- 75 years ago: The Bishop Hill softball team won the championship in WHB"S Mississippi Valley tournament at Douglas Park.
1964 -- 50 years ago: A boom in apartment construction has hit Rock Island, with approximately 300 units either in or near the construction stage or due for an early rezoning decision.
1989 -- 25 years ago: Members of the Bi-State Metropolitan Planning Commission are hoping to revive their push for a new $70 million four-lane bridge spanning the Mississippi River.






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