Posted on 08/05/2018 7:47:14 AM PDT by Diana in Wisconsin
The least educated American workers, who took the hardest hit in the Great Recession, were also among the slowest to harvest the gains of the recovery. Now they are a striking symbol of a strong economy.
The unemployment rate for those without a high school diploma fell to 5.1 percent in July, the Labor Department reported Friday, the lowest since the government began collecting data on such workers in 1992. At the economy’s nadir in the summer of 2009, the unemployment rate for high school dropouts hit 15.6 percent, more than three times the peak unemployment rate for college graduates.
Buffeted by technological change and seemingly out of place in an economy where skills and credentials are in ever more demand, this cohort struggled while more educated workers scored jobs and promotions and rose on the economic ladder.
High school dropouts make up 7.2 percent of the labor force, and some experts doubted they and other low-skilled workers would ever fully recover from the effects of the recession, said Betsey Stevenson, a professor of economics at the University of Michigan.
“As economists, we worried these workers would be shut out forever,” she said. “But the long duration of the recovery has pulled them back in. As the economy adds more jobs, employers have had to dig a little deeper.”
(Excerpt) Read more at nytimes.com ...
The Obama Recession is officially over!
“Unemployed Americans who might not have put feelers out in the past are also venturing back into the hunt for a job, she said. On Indeed’s search engine, much of the growth in queries lately has been for positions like full-time cashier, mobile home park manager, maintenance person and fulfillment associate.
‘This is an indicator that low-skilled workers are seeing opportunities for themselves in the labor market,’ Ms. Gimbel said.”
MAGA, Baby! MAGA! :)
Must kill the Slimes to print this.
“Must kill the Slimes to print this.”
We’ll need to ask their new columnist what she thinks of this.
Most liberals and those that live in the Beltway could not care less about these people. In fact, they have outright contempt for them.
Even the dum dums are doing good..:)
At first I thought your post was mean but now I think it’s just funny...lol!
It’s real.
Just in the last couple of days, I noticed a new employee in my local Walgreens who would have never been hired during Obama’s depression, when employers were picky:
A nice fellow, in his 60’s for sure, but with an enormous number of tattoos up and down both arms, on his neck, etc. Their uniform shirts there are short sleeved, so they are quite visible.
I’m seeing more and more of this everywhere. Good to see everyone is able to jump in the economy.
Plus i am one of the dum dums..:)
Amazing...but looking around here you see businesses hiring...my cashier yesterday at Winn Dixie looked like he was 15. I told the manager that he was very polite. He called everyone Sir or Ma’am.
Note the opening phrase of this report which begins with the phrase, "high school dropouts."
Knowledgeable persons who study the stories behind the statistics, if honest, could report that some of the most successful entrepreneurs in America have come from that "7.2 percent," or whatever percentage is accurate for any time period. Yet, the term "dropout" continues to be stamped on students who have opted out of the failed and failing institutions described as America's "public school system."
Often used as a perjorative, the term "dropout" often follows that student and identifies him/her, even after he/she has succeeded in some occupation or endeavor.
The "professors" who provide the statistics might benefit from pursuing a study of the rate of lifetime success among those public school students described as "dropouts." Perhaps, those professors might be surprised to learn that those "dropouts" simply were rejecting an institution which has failed miserably to provide a meaningful education for life and participation in a free society.
“I told the manager that he was very polite. He called everyone Sir or Ma’am.”
We have a few kids that work at our local Super-Duper Walmart where I sometimes buy groceries. I always compliment them if they are polite and quick and accurate. It makes their day...and it costs me nothing. :)
I’m no fan of Tom Brady or his wife. Professionally yes they are blue sky
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.