Posted on 04/07/2012 2:18:01 PM PDT by forbushalltheway
Amid disappointing unemployment numbers that fell 80,000 jobs short of projections, another number is raising eyebrows: the number of Americans not in the labor force has hit a record high 87,897,000.
This figure explains why overall unemployment dropped from 8.3% to 8.2%, as the Department of Labor's unemployment figure does not include people who have given up hope and are not actively seeking employment.
When the number of individuals who have stopped looking for a job and/or who are working part-time but desire full-time employment is included--a figure known as the "underemployment rate"--real unemployment stands at 19.1%.
(Excerpt) Read more at breitbart.com ...
I’m pretty sure UE was a little higher under Bush if you measure it the same way you do Obama’s. We’ve been measuring UE this way since the Johnson admin. So UE probably has always been higher than what we were officially told since the 60’s.
However, this economy is a stink hole compared to what we had under Bush. Unfortunately we were in the midst of a bubble back then but that’s another story. Bubble or no bubble it WAS growing well while we were being told it was the worst economy since Hoover.
87 MILLION....
That’s more than the combined population of California, Texas and New York.
Hope doesn’t live here anymore............
Out here on the open plains of the Panhandle I have to watch the “freight train” economics ... same observations here pretty much.
Stay safe !
http://en.wikipedia.org/wiki/Workhouse
Patrick Colquhoun, 1806
Poverty ... is a most necessary and indispensable ingredient in society, without which nations and communities could not exist in a state of civilisation. It is the lot of man – it is the source of wealth, since without poverty there would be no labour, and without labour there could be no riches, no refinement, no comfort, and no benefit to those who may be possessed of wealth
Does the 88 million include children and retirees, or only people of working age?
I’m sure the real figures are higher than the ones we are given, in any case.
That is an astonishing number of discouraged people. Not all or even a majority of them are moochers, just people who have tried the typical solutions unsuccessfully and are now at a loss of what to do.
Ping
Can there really be 87,897,000 John and Johanna Galts?
The slope looks bad too.
The slope looks to be asymptotic.
Pretty much everything went to “H” after the Democrats arrived in force in Congress in 2007. Then Obama in January of 2009, and then it was “Katie bar the door”.
We’re being run over by a criminal organization as I see it.
Thanks Clintonfatigued.
Exactly. The only work my son can find.
more than the population of France which is some 65 million. Canada 34 million. Great Britain 62 million. I could go on and on.
Discouraged workers were removed from the headline number in the early 90’s as a way to keep that number low and help get people reelected. I believe under Clinton. Pretty sure actually but i don’t know when the revisions were initially undertaken. They may have started under Bush 1 and finalized later.
More part timers and more illegals working for less are destroying wages. The part timers are by and large the way corporations are hiring now to keep down costs.
It is indeed a lot of people. I don't know if this anecdotal observation is true everywhere, but I have noticed a lot more cars and trucks with those magnetic signs on the sides...advertising a new 'sole proprietorship' business. Painter Joe, plumber Mike, lawn care girl Pat, etc. And these are not or do not appear to be foreigners creating work...they are legitimate Americans trying to do for themselves.
And if one stops to speak with them you find they are busy, they are getting odd jobs/work/ etc. and they are not hiring. They are doing these jobs to keep food on the table for their family, but do not want to face the gauntlet that is government requirements coming down in the road a few months from now.
These people are also older or middle-age Americans who still understand finding or creating 'work and production' comes from oneself...not the government. It is the young people that I see who don't seem to know 'where to start or what to do?' It is the democrat that appears quite frankly at a loss and unable or unwilling to navigate the gauntlet that is starting a sole proprietorship.
At the current cost of ‘benefits’ you expect businesses to just suck it up and not make adjustments to their bottom line by using part-time workers heading into 2013?
So are you insinuating it is the businesses hurting the economy because they are refusing to play ball with the new “benefits” requirements?
I do not believe you meant what your wrote as it reads. Blaming businesses.
If not, then say what you do mean...The future regulation of private sector benefits are hurting the economy. The skyrocketing costs of benefits are being counter productive to the economy and businesses ability to hire full-time workers.
We have to be in the habit of using the rhetoric that is the truth and affixing understanding to the root causes that hurt our country.
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