Skip to comments.Missing: 5.4 million workers (Astonishing! Published in the Boston Globe Workers Circle)
Posted on 02/08/2012 10:08:10 AM PST by pabianiceEdited 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 ...
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.
There’s no indication that he goes to job interviews dressed the same way he dresses for newspaper photos, is there?
You mean mean he might have to dress and act Amish.
Isn't that racist?
He uses an APSCO manual pencil sharpener. HIRE THAT MAN!
Good eye !
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.
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.
What’s a pencil?
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.
The missing 5.4 million unemployed can be found on the Welfare Rolls. . . .
I’d be surprised if this was in the print version of the Glob.
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.
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.
Go to my Freep Page
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
Thanks for the hint. Good stuff you have posted there. You obviously know your economics very well.