Will Goldman’s Blankfein Depart by the End of the Year?: DealBook Briefing

Will Goldman’s Blankfein Depart by the End of the Year?: DealBook Briefing
It essentially asks, “What would the employment rate look like today if the U. S. population
still had the same demographic profile as it did before the recession?”
What does your adjusted employment rate tell us about the jobs market right now?
One way to get an idea of the size of this group of people is to look at the employment rate, which measures
people with jobs as a percentage of the population (over 16 years old and excluding prisoners.)
• The labor force grew by 806,000, pushing the labor force participation rate back up to the 63 percent mark.
Mr. Blankfein has not discussed the possibility of leaving at the end of the year, these people said, though there is a general view
that he likely would retire in the next couple of years.
While the now nine-year-old bull market may still have some legs — even if it isn’t
likely to top last year’s performance — there’s more for investors be anxious of.
Let me start with the “why?” The employment rate is great in
that it avoids all the issues that bedevil the unemployment rate in terms of deciding who should “count” as unemployed.