Two weeks ago, we reported on the sharp decline in the employment to population ratio following the so-called "Stimulus". Veronique de Rugy, senior research fellow at the Mercatus Center, has looked into the post-stimulus labor force ina a bit more detail, and her findings are even more troubling: "According to the Bureau of Labor Statistics in the month of December alone, 85,000 jobs were lost. In comparison, 661,000 people exited the labor force, or 7.7 times the amount of new unemployment"
In addition, economist Heidi Sherholtz has looked at the applicants to jobs ratio. In December, 2007 there were 1.7 applicants for every new opening. In November of 2009 that ratio had risen to 6.4 to every availability. Stimulus indeed.