Skip to comments.Since January 2009, 827 Thousand Added to Labor Force While 8.206 Million NOT in Labor Force
Posted on 10/15/2012 4:42:33 PM PDT by whitedog57
We all know that the employment situation in the is horrible. Average duration of unemployment of 40 weeks and a 14.7% unemployment/underemployment rate. \ Since January 2009:
The good news is that 827,000 more people have been added to the labor force! (Blue line)
The BAD news is that 8,206,000 more people are NOT in the labor force! (Red line)
That is almost a 10:1 ratio of people NOT joining the labor force over people who are joining the labor force.
As John Taylor at Stanford University has noted, this is the WORST economic recovery since 1882. These figures support the premise that this recovery is tepid at best.
(Excerpt) Read more at confoundedinterest.wordpress.com ...
In 4 years 600 jobs a day created.... 6000 jobs a day lost....