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 ...
Businesses have caught on and are using part time work so they aren’t out any benefits. That’s a good portion of what’s hurting the economy.
It would seem to me that those even trying to stay independent may find themselves up against a wall.
I can live on Ramen and eggs w/coffee ... but can/will others ?
The turds in Barry’s state run “media” are just orgasmic over this! It’s making Barry’s Obamanomics look like it’s working. Americans aren’t very smart. They’re eating it up. You can’t get all of your information from Ken and Barbie 30 second soundbites on the nightly “news” and expect to be very informed.
19.1%...tell ALL your friends; tell ALL your neighbors.
This figure does not compute . . . But if it is half that number, it is devastating for the 0bama Regime.
Population of the US vs this number.... Wow.
Without even opening the link, this has to be one of the worst written stories ever.
First, 10 million illegals and 25+ million legal immigrants in the labor force are not Americans.
Second, The USA has 311 milion+ Americans. Give me a pie chart that shows the number under age 18; the number 18+ fulltime students; the number in prison, jail, mental wards, etc; the number retired; the number with true disability; the number on welfare; etc. only then can we talk about the number faking disability; the number unemployed and not looking for work (discouraged); the number unemployed and looking for work and willing to take any job to keep their pride; the number only willing to take a job that pays more than their worth; the number working in the underground economy; and finally the number actually working.
Only by considering the entire pie can any sense be made of talking about one or two slices of the pie.
And for the people that were working, earnings were down 0.2%, and we all know what prices are doing, not a good mix.
Under GWB unemployment was 4% and now it's 28% under Obama.
There it is Jim. There is the real truth. 8.2 my foot. That is a lie. 87 MILLION not working. That has to include retirees. Since we have what, 312 million citizens.
Crappy times are here again.
Maybe next they’ll outlaw beer again.
All the bulls have become steers again.
Crappy times are here again.
Look at the bright side.
Come November the cause of it all will be one of those numbers too!
don’t hold your breath... http://www.freerepublic.com/focus/f-chat/2869375/posts
freelancers aren’t included as unemployed
When a nation outsources it’s manufacturing base to the third world communists, this is what happens. Ain’t Free Trade™ great?
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