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Missing: 5.4 million workers (Astonishing! Published in the Boston Globe Workers Circle)
The Boston Globe Workers' Circle ^ | 2/8/12 | Johnston

Posted on 02/08/2012 10:08:10 AM PST by pabianice

Edited on 02/08/2012 11:58:45 AM PST by Admin Moderator. [history]

As searches dragged on, many just stopped looking. Now they arenít even counted among the jobless.

Jackson Julien looked for a fun job, then for anything. Finally, demoralization set in.

Millions of Americans have vanished from the US labor force in the past three years, many of them so discouraged by long, fruitless job searches that they have given up looking for work, convinced that no employer wants them, according to a new study.


(Excerpt) Read more at boston.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: 2012; barackalypsenow; bhoeconomy; democrats; economy; elections; hopeychangey; nobama2012; obama; obamageddon; obamanomics; unemployment
That the Globe published this is astonishing. For five years they have been Obama's personal butt boys.

One might also want to suggest to Mr. Julien that he might have better luck if he went to job interviews in something other than a hoodie and a ball cap.

1 posted on 02/08/2012 10:08:14 AM PST by pabianice
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To: pabianice

There’s no indication that he goes to job interviews dressed the same way he dresses for newspaper photos, is there?


2 posted on 02/08/2012 10:19:48 AM PST by ransomnote
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To: pabianice
he might have better luck if he went to job interviews in something other than a hoodie and a ball cap

You mean mean he might have to dress and act Amish.

Isn't that racist?

3 posted on 02/08/2012 10:23:16 AM PST by rllngrk33 (Things will continue getting worse until January 21, 2013.)
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To: pabianice

He uses an APSCO manual pencil sharpener. HIRE THAT MAN!


4 posted on 02/08/2012 10:23:50 AM PST by Thrownatbirth (.....Iraq Invasion fan since '91.)
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To: pabianice
Usual Happy Charts...


5 posted on 02/08/2012 10:23:58 AM PST by HangnJudge
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To: Thrownatbirth

Good eye !


6 posted on 02/08/2012 10:25:29 AM PST by Eric in the Ozarks (Beware the Sweater Vest)
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To: pabianice

I don’t have work. I am not in the numbers, nor have I been in the past. I’m amongst the previously self-employed. Most self-employed do not collect unemployment either.

When the unemployment benefits for 26 weeks got extended to 99 weeks, the former self-employed, now out of business, got ZERO weeks more. Nobody can ever claim that after collecting for 99 weeks, that that person paid all that money into the system. The 99 weeks is mostly handout, handout that is still denied to the former self-employed.


7 posted on 02/08/2012 10:26:17 AM PST by George from New England
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To: pabianice

5.4 million American citizens unemployed, and defeated having given up searching for work are considered by Obama, and the Socialist/Democrats as collateral damage as they collectivize this Nation.


8 posted on 02/08/2012 11:20:44 AM PST by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: Thrownatbirth

What’s a pencil?


9 posted on 02/08/2012 12:00:35 PM PST by NewHampshireDuo
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To: HangnJudge

could you let me know what site these charts are from? Would love to see it as I am currently in a flame war with a liberal pos on another board.


10 posted on 02/08/2012 12:11:17 PM PST by SouthernBoyupNorth ("For my wings are made of Tungsten, my flesh of glass and steel..........")
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To: SouthernBoyupNorth

http://research.stlouisfed.org


11 posted on 02/08/2012 12:27:24 PM PST by Flathead Catfisherman
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To: SouthernBoyupNorth
We should stop calling them "liberal". The root is liber or liberty, and the left is only for chains not freedom and liberty. I think calling them liberal confuses the mushy minded Hollywood and media types who want drug legalization. Those knuckleheads don't know the difference between liberal and libertarian.
12 posted on 02/08/2012 12:38:09 PM PST by FreeAtlanta (Liberty and Justice for ALL)
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To: pabianice
Let me guess . . .

The missing 5.4 million unemployed can be found on the Welfare Rolls. . . .

13 posted on 02/08/2012 12:38:59 PM PST by YHAOS (you betcha!)
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To: pabianice

I’d be surprised if this was in the print version of the Glob.


14 posted on 02/08/2012 12:46:42 PM PST by St_Thomas_Aquinas
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To: YHAOS

Imagine when the government can’t borrow any more money and the economy completely collapses. These people, and many more, will be found in death camps and mass graves.

We are not any different than the people in countries that have had these atrocities. We just have had a strong constitution that was revered and protected, but is is now being ignored.


15 posted on 02/08/2012 12:46:54 PM PST by FreeAtlanta (Liberty and Justice for ALL)
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To: HangnJudge
Your key chart is the M1 Money Multiplier ratio because it measures velocity in the M1 money supply.

There is a pretty good explanation of it here on this link.

But to make a long story short, when the velocity drops below and stays below 1.0, we are in deep sh*t because even an extra dollar of government stimulus (without even considering the added debt service) will produce less than a dollar of results.

Libtard economists, naturally, will attribute this situation to business and wealthy people sitting on money (or moving it off-shore) by refusing to invest, hire people and buy things. Their solution (of course) is to confiscate it by increased taxation.

But the real cause of a velocity which stays below (or even slightly above) 1.0 for an extended period is widesperead loss of confidence in economic institutions (especially government) which causes people to be even more risk adverse and tighten spending further. This is exactly what has been happening since Obama's election.

16 posted on 02/08/2012 1:54:37 PM PST by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: SouthernBoyupNorth

http://research.stlouisfed.org/fred2/


17 posted on 02/08/2012 3:11:37 PM PST by HangnJudge
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To: Vigilanteman
But to make a long story short, when the velocity drops below and stays below 1.0, we are in deep sh*t because even an extra dollar of government stimulus (without even considering the added debt service) will produce less than a dollar of results.

Go to my Freep Page

http://www.freerepublic.com/~hangnjudge/

There is a chart of
(Change in GDP) / (Change in Total Public Debt)
2002-2012 (year over year smoothed)
It is a personal project of mine...

It has remained below 1 since mid 2008
and is flattening out at 0.5

A genuinely frightening chart, by your analysis
-50% ROI on injected capital

18 posted on 02/08/2012 3:28:17 PM PST by HangnJudge
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To: HangnJudge

Thanks for the hint. Good stuff you have posted there. You obviously know your economics very well.


19 posted on 02/08/2012 7:50:03 PM PST by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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