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Initial jobless claims unexpectedly jumped by 24,000 last week to 399,000 as more workers lost their jobs, the Labor Department said Thursday. At the same time, the economy continues to lose workers.
In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force — they aren't working, and they aren't looking — according to data from Labor's Bureau of Labor Statistics. In the past two months, the labor force shrank by 170,000.
This is virtually unprecedented in past economic recoveries, at least since the BLS has kept detailed records. In the past nine recoveries, the labor force had climbed an average 3.5 million by this point, according to an IBD analysis of the BLS data.
"Given weak job prospects, many would-be workers dropped out of (or never entered) the labor force," noted Heidi Shierholz of the Economic Policy Institute in her analysis of the BLS jobs report issued last Friday. "That reduces the measured unemployment rate but does not represent real improvement."
He made 1,000,000 workers disappear. No one has ever managed to do that before in history.
Initial jobless claims unexpectedly jumped by 24,000 last week to 399,000 as more workers lost their jobs, the Labor Department said Thursday. At the same time, the economy continues to lose workers.
In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force they aren't working, and they aren't looking according to data from Labor's Bureau of Labor Statistics. In the past two months, the labor force shrank by 170,000.
This is virtually unprecedented in past economic recoveries, at least since the BLS has kept detailed records. In the past nine recoveries, the labor force had climbed an average 3.5 million by this point, according to an IBD analysis of the BLS data.
"Given weak job prospects, many would-be workers dropped out of (or never entered) the labor force," noted Heidi Shierholz of the Economic Policy Institute in her analysis of the BLS jobs report issued last Friday. "That reduces the measured unemployment rate but does not represent real improvement."
Unprecedented, Tepid Recovery Under Obama Begs Question: Where Did All The Workers Go? - Investors.com
He made 1,000,000 workers disappear. No one has ever managed to do that before in history.
Initial jobless claims unexpectedly jumped by 24,000 last week to 399,000 as more workers lost their jobs, the Labor Department said Thursday. At the same time, the economy continues to lose workers.
In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force they aren't working, and they aren't looking according to data from Labor's Bureau of Labor Statistics. In the past two months, the labor force shrank by 170,000.
This is virtually unprecedented in past economic recoveries, at least since the BLS has kept detailed records. In the past nine recoveries, the labor force had climbed an average 3.5 million by this point, according to an IBD analysis of the BLS data.
"Given weak job prospects, many would-be workers dropped out of (or never entered) the labor force," noted Heidi Shierholz of the Economic Policy Institute in her analysis of the BLS jobs report issued last Friday. "That reduces the measured unemployment rate but does not represent real improvement."
Unprecedented, Tepid Recovery Under Obama Begs Question: Where Did All The Workers Go? - Investors.com
He made 1,000,000 workers disappear. No one has ever managed to do that before in history.
Initial jobless claims unexpectedly jumped by 24,000 last week to 399,000 as more workers lost their jobs, the Labor Department said Thursday. At the same time, the economy continues to lose workers.
In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force they aren't working, and they aren't looking according to data from Labor's Bureau of Labor Statistics. In the past two months, the labor force shrank by 170,000.
This is virtually unprecedented in past economic recoveries, at least since the BLS has kept detailed records. In the past nine recoveries, the labor force had climbed an average 3.5 million by this point, according to an IBD analysis of the BLS data.
"Given weak job prospects, many would-be workers dropped out of (or never entered) the labor force," noted Heidi Shierholz of the Economic Policy Institute in her analysis of the BLS jobs report issued last Friday. "That reduces the measured unemployment rate but does not represent real improvement."
Unprecedented, Tepid Recovery Under Obama Begs Question: Where Did All The Workers Go? - Investors.com
They are Boomers retiring!!! And the right-wing extremist Investors Business Daily knows it!!! You have at least 150,000 to 200,000 Boomers retiring every month.He made 1,000,000 workers disappear. No one has ever managed to do that before in history.
Unprecedented, Tepid Recovery Under Obama Begs Question: Where Did All The Workers Go? - Investors.comInitial jobless claims unexpectedly jumped by 24,000 last week to 399,000 as more workers lost their jobs, the Labor Department said Thursday. At the same time, the economy continues to lose workers.
In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force they aren't working, and they aren't looking according to data from Labor's Bureau of Labor Statistics. In the past two months, the labor force shrank by 170,000.
This is virtually unprecedented in past economic recoveries, at least since the BLS has kept detailed records. In the past nine recoveries, the labor force had climbed an average 3.5 million by this point, according to an IBD analysis of the BLS data.
"Given weak job prospects, many would-be workers dropped out of (or never entered) the labor force," noted Heidi Shierholz of the Economic Policy Institute in her analysis of the BLS jobs report issued last Friday. "That reduces the measured unemployment rate but does not represent real improvement."
He made 1,000,000 workers disappear. No one has ever managed to do that before in history.
Initial jobless claims unexpectedly jumped by 24,000 last week to 399,000 as more workers lost their jobs, the Labor Department said Thursday. At the same time, the economy continues to lose workers.
In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force they aren't working, and they aren't looking according to data from Labor's Bureau of Labor Statistics. In the past two months, the labor force shrank by 170,000.
This is virtually unprecedented in past economic recoveries, at least since the BLS has kept detailed records. In the past nine recoveries, the labor force had climbed an average 3.5 million by this point, according to an IBD analysis of the BLS data.
"Given weak job prospects, many would-be workers dropped out of (or never entered) the labor force," noted Heidi Shierholz of the Economic Policy Institute in her analysis of the BLS jobs report issued last Friday. "That reduces the measured unemployment rate but does not represent real improvement."
Unprecedented, Tepid Recovery Under Obama Begs Question: Where Did All The Workers Go? - Investors.com
They are Boomers retiring!!! And the right-wing extremist Investors Business Daily knows it!!! You have at least 150,000 to 200,000 Boomers retiring every month.He made 1,000,000 workers disappear. No one has ever managed to do that before in history.
Unprecedented, Tepid Recovery Under Obama Begs Question: Where Did All The Workers Go? - Investors.comInitial jobless claims unexpectedly jumped by 24,000 last week to 399,000 as more workers lost their jobs, the Labor Department said Thursday. At the same time, the economy continues to lose workers.
In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force they aren't working, and they aren't looking according to data from Labor's Bureau of Labor Statistics. In the past two months, the labor force shrank by 170,000.
This is virtually unprecedented in past economic recoveries, at least since the BLS has kept detailed records. In the past nine recoveries, the labor force had climbed an average 3.5 million by this point, according to an IBD analysis of the BLS data.
"Given weak job prospects, many would-be workers dropped out of (or never entered) the labor force," noted Heidi Shierholz of the Economic Policy Institute in her analysis of the BLS jobs report issued last Friday. "That reduces the measured unemployment rate but does not represent real improvement."
If you remember, when Bush was trying to privatize SS all you heard from CON$ was how Boomers would be retiring in greater numbers than new workers to take up the slack. Every day CON$ would say there would be more retirees and fewer workers paying into SS as the rationalization for privatizing SS, and now suddenly they know nothing about Boomers retiring. Proving once again CON$ are on all sides of every issue depending on which way the wind blows.
They are Boomers retiring!!! And the right-wing extremist Investors Business Daily knows it!!! You have at least 150,000 to 200,000 Boomers retiring every month.He made 1,000,000 workers disappear. No one has ever managed to do that before in history.
Unprecedented, Tepid Recovery Under Obama Begs Question: Where Did All The Workers Go? - Investors.comInitial jobless claims unexpectedly jumped by 24,000 last week to 399,000 as more workers lost their jobs, the Labor Department said Thursday. At the same time, the economy continues to lose workers.
In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force they aren't working, and they aren't looking according to data from Labor's Bureau of Labor Statistics. In the past two months, the labor force shrank by 170,000.
This is virtually unprecedented in past economic recoveries, at least since the BLS has kept detailed records. In the past nine recoveries, the labor force had climbed an average 3.5 million by this point, according to an IBD analysis of the BLS data.
"Given weak job prospects, many would-be workers dropped out of (or never entered) the labor force," noted Heidi Shierholz of the Economic Policy Institute in her analysis of the BLS jobs report issued last Friday. "That reduces the measured unemployment rate but does not represent real improvement."
If you remember, when Bush was trying to privatize SS all you heard from CON$ was how Boomers would be retiring in greater numbers than new workers to take up the slack. Every day CON$ would say there would be more retirees and fewer workers paying into SS as the rationalization for privatizing SS, and now suddenly they know nothing about Boomers retiring. Proving once again CON$ are on all sides of every issue depending on which way the wind blows.
He made 1,000,000 workers disappear. No one has ever managed to do that before in history.
Initial jobless claims unexpectedly jumped by 24,000 last week to 399,000 as more workers lost their jobs, the Labor Department said Thursday. At the same time, the economy continues to lose workers.
In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force they aren't working, and they aren't looking according to data from Labor's Bureau of Labor Statistics. In the past two months, the labor force shrank by 170,000.
This is virtually unprecedented in past economic recoveries, at least since the BLS has kept detailed records. In the past nine recoveries, the labor force had climbed an average 3.5 million by this point, according to an IBD analysis of the BLS data.
"Given weak job prospects, many would-be workers dropped out of (or never entered) the labor force," noted Heidi Shierholz of the Economic Policy Institute in her analysis of the BLS jobs report issued last Friday. "That reduces the measured unemployment rate but does not represent real improvement."
Unprecedented, Tepid Recovery Under Obama Begs Question: Where Did All The Workers Go? - Investors.com
The government has it figured out. It's the dishonest Investors Business Daily who pretend to be too stupid to know the difference between a retiree and a discouraged worker.They are Boomers retiring!!! And the right-wing extremist Investors Business Daily knows it!!! You have at least 150,000 to 200,000 Boomers retiring every month.He made 1,000,000 workers disappear. No one has ever managed to do that before in history.
Unprecedented, Tepid Recovery Under Obama Begs Question: Where Did All The Workers Go? - Investors.com
If you remember, when Bush was trying to privatize SS all you heard from CON$ was how Boomers would be retiring in greater numbers than new workers to take up the slack. Every day CON$ would say there would be more retirees and fewer workers paying into SS as the rationalization for privatizing SS, and now suddenly they know nothing about Boomers retiring. Proving once again CON$ are on all sides of every issue depending on which way the wind blows.
Gee, amazing how the government doesn't have enough brains to figure out the difference between someone retiring and a discouraged worker, even after counting unemployment for decades.
Actually it's the U-4 rate.He made 1,000,000 workers disappear. No one has ever managed to do that before in history.
Unprecedented, Tepid Recovery Under Obama Begs Question: Where Did All The Workers Go? - Investors.comInitial jobless claims unexpectedly jumped by 24,000 last week to 399,000 as more workers lost their jobs, the Labor Department said Thursday. At the same time, the economy continues to lose workers.
In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force they aren't working, and they aren't looking according to data from Labor's Bureau of Labor Statistics. In the past two months, the labor force shrank by 170,000.
This is virtually unprecedented in past economic recoveries, at least since the BLS has kept detailed records. In the past nine recoveries, the labor force had climbed an average 3.5 million by this point, according to an IBD analysis of the BLS data.
"Given weak job prospects, many would-be workers dropped out of (or never entered) the labor force," noted Heidi Shierholz of the Economic Policy Institute in her analysis of the BLS jobs report issued last Friday. "That reduces the measured unemployment rate but does not represent real improvement."
U-6 counts discouraged workers and that number was down 4/10ths of a percentage point last month.
The government has it figured out. It's the dishonest Investors Business Daily who pretend to be too stupid to know the difference between a retiree and a discouraged worker.They are Boomers retiring!!! And the right-wing extremist Investors Business Daily knows it!!! You have at least 150,000 to 200,000 Boomers retiring every month.
If you remember, when Bush was trying to privatize SS all you heard from CON$ was how Boomers would be retiring in greater numbers than new workers to take up the slack. Every day CON$ would say there would be more retirees and fewer workers paying into SS as the rationalization for privatizing SS, and now suddenly they know nothing about Boomers retiring. Proving once again CON$ are on all sides of every issue depending on which way the wind blows.
Gee, amazing how the government doesn't have enough brains to figure out the difference between someone retiring and a discouraged worker, even after counting unemployment for decades.
The U4 rate is the unemployment rate plus discouraged workers. The December 2011 U4 rate is 9.1% adjusted and 8.8% unadjusted.
