Not really, writes Binyamin Appelbaum of the NY Times: “The American economy continues to add jobs in proportion to population growth. Nothing less, nothing more.” The percentage of adults in the US with jobs is relatively unchanged over the last three years:
“The share of adults looking for work peaked at 6.4 percent of the population in 2010. It fell to 4.7 percent in April (2013). But recall that over the same period, the share of adults with jobs did not change. What grew instead is the share of adults no longer counted as part of the labor force.”
Read the whole thing.