Discussion in 'Politics' started by get_involved, Feb 12, 2011.
Americas labor force hasnt grown since 08 - Yahoo! News
How could it with 10 percent unemployment? I would bet it has shrunk as people fall off the end of the reporting process out of work.
This is not a shock. The money is stuck up literally with the rich. They need to invest and start to hire or this economy won't get going. They know what they need to pay in taxes now so no more confusion now start hiring.
.....And, nobody saw it coming.....everything was FINE....until some Black-dude became President, right????
How long where the tax cuts extended for?
Not long enough for companies to reverse the cuts they have already made only to have to do it all over again in a couple of years.
The best kept secret of this whole Egypt movement is that it was started by the countrys labor movement.
America's labor force hasn't grown since 2001 - nevermind 2008.
I would ask, why does it matter if it grew or not? For the working man it should not matter. Less people buying products in a capitalist system means products will become cheaper.
Well duh. Work force participation is at its lowest level in over a quarter decade:
At 64.2%, the labor force participation rate (as a percentage of the total civilian noninstitutional population) is now at a fresh 26 year low, the lowest since March 1984, and is the only reason why the unemployment rate dropped to 9% (labor force declined from 153,690 to 153,186). Those not in the Labor Force has increased from 83.9 million to 86.2 million, or 2.2 million in one year! As for the numerator in the fraction, the number of unemployed, it has plunged from 15 million to 13.9 million in two months! The only reason for this is due to the increasing disenchantment of those who completely fall off the BLS rolls and no longer even try to look for a job. Lastly, we won't even show what the labor force is as a percentage of total population. It is a vertical plunge....
Labor Force Participation Plunges To Fresh 26 Year Low | zero hedge
People give up when the economy is throttled down to the point where it cannot create jobs. That's the true legacy of Obamanomics.
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