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- #421
It was 58.4%The simple way to see the economy is flat to slowing is the Employed rate vs population
we have about the same % rate (by memory 54.4%)
simply put there are no jobs being created
Person enters the work force, either he/she gets a job or one from 08-09 collapse gets a job
There has been allot more people left the work force than entered it by 100% (twice as many) but the Employed rate has not changed
And in April 2011 there were 139,628,000 employed.
In April 2012 there were 141,865,000 employed.
That's an increase of 2,237,000 employed at the same 58.4% rate, that you say equals zero jobs created.
And the people who left the labor force mostly didn't want a job, like retirees, students, stay at home moms, etc., 2,785,000 in total. The number of people not in the labor force who WANT a job went DOWN during that same April 2011 to 2012 period from 6,482,000 to 6,328,000.
Something like 125,000 are added to the population each month, so that accounts for two-thirds of the difference.
I see ed called me a liar
My opinion is simple
to create any jobs you have to go past the number of people in the work force %
We had 500,000 enter the not in column last month while losing over 300,000 in the labor force
That is simply put is creating only more people for the tax payer to support