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Letter: When you vote, consider these job market statistics
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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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Rock island, IL Details |
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Today is Thursday, June 20, the 171st day of 2013. There are 194 days left in the year.
1863 -- 150 years ago: The latest interpretation of the conscription law is said to be that $800 can be paid for an exemption, in which case the person will be eligible for call ina subsequent draft; or a substitute can be furnished. In the latter case, if the substitute isaccepted, the person he represents is exempted for that draft period.
1888 -- 125 years ago: A floral concert presented by Central Presbyterian Church womenattracted a large crowd yesterday.
1913 -- 100 years ago: Milton Reed, infielder on the Davenport baseball club, has beensold to the Philadelphia National league team.
1938 -- 75 years ago: The State Bank of Rock Island has doubled its capital structure,raising it to $1 million, according to Lewis B. Wilson, president of the bank.
1963 -- 50 years ago: The American Wind Symphony Orchestra will present two concertsin the Quad-Cities on Aug. 6, performing from its specially equipped stage-barge. Thebarge, which is traveling the Mississippi River route, will be moored just off the shore forthe concerts.
1988 -- 25 years ago: Fines for overdue items at the Rock Island Public Library are beingincreased to 10 cents per day per item effective July 1. Fines will not be prorated onbooks returned after that date.
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