Employment Numbers

[Torrin Suedmeyer]

After seeing this story, I did some research.

http://cnsnews.com/news/article/296000-americans-drop-out-labor-force-february

 

US population is 314 million

There are 74 million kids in the US

That leaves 260 million "workers"

89 million are not working.

So 37% of American adults don't work.

We're screwed.

 

[Anthony Martin]

Not only that, but there are almost 8 million workers who are working part-time but want full-time work.  Yet, the main stream media has the balls to report that unemployment is down, overall.

Mish said it perfectly, today:

Given the complete distortions of reality with respect to not counting people who allegedly dropped out of the work force, it is easy to misrepresent the headline numbers. 

 

Digging under the surface, much of the drop in the unemployment rate over the past two years is nothing but a statistical mirage. Things are much worse than the reported numbers indicate.

https://twitter.com/mishgea/status/310076131472728064

Quick Notes About the Unemployment Rate 

• In the last year, those "not" in the labor force rose by 1,693,000
• Over the course of the last year, the number of people employed rose by 1,473,000
• In the last year the number of unemployed fell from 12,806,000 to 12,032,000 (a drop of 774,000)
• Long-Term unemployment (27 weeks and over) rose to 4,797,000 from last month's total of was 4,708,000, a net rise of 89,000
• Percentage of long-term unemployment hopped up to 40.2% from last month's 38.1%. Once someone loses a job it is still very difficult to find another.

Read more at http://globaleconomicanalysis.blogspot.com/2013/03/jobs-236000-unemployment-rate-77-part.html#4WQCmcKARLtwVJcU.99

 

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[Torrin Suedmeyer]

You don't have to tell me. I have a full time job that pays like part time and 2 other part time jobs. Applying for another one now. If I was still at vvsd I'd be making 3x what I make now with 3 jobs.