Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

bripat9643

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Apr 1, 2011
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Happy Days are here again!
The skies above are clear again!
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Happy days are here again!

Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce' | The Weekly Standard

"Today’s jobs report underscores a deeper problem facing our economy: a large and growing block of people who are chronically jobless and completely outside the workforce. In December, the economy added only 74,000 jobs – not nearly enough to keep up with population growth –and 347,000 left the workforce. That means for every one job added, nearly 5 people left the workforce entirely. There are now nearly 92 million Americans outside the workforce, resulting in the lowest participation rate in 36 years. The President’s immigration plan will only make things dramatically worse – and no amount of ‘promise zones’ will be a sufficient remedy for the millions of displaced workers.​
 
Happy Days are here again!
The skies above are clear again!
So let's sing a song of cheer again!
Happy days are here again!

Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce' | The Weekly Standard

"Today’s jobs report underscores a deeper problem facing our economy: a large and growing block of people who are chronically jobless and completely outside the workforce. In December, the economy added only 74,000 jobs – not nearly enough to keep up with population growth –and 347,000 left the workforce. That means for every one job added, nearly 5 people left the workforce entirely. There are now nearly 92 million Americans outside the workforce, resulting in the lowest participation rate in 36 years. The President’s immigration plan will only make things dramatically worse – and no amount of ‘promise zones’ will be a sufficient remedy for the millions of displaced workers.​

People can't search for jobs that don't exist. We lost several millions from the 0'8 crisis.
 
Happy Days are here again!
The skies above are clear again!
So let's sing a song of cheer again!
Happy days are here again!

Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce' | The Weekly Standard

"Today’s jobs report underscores a deeper problem facing our economy: a large and growing block of people who are chronically jobless and completely outside the workforce. In December, the economy added only 74,000 jobs – not nearly enough to keep up with population growth –and 347,000 left the workforce. That means for every one job added, nearly 5 people left the workforce entirely. There are now nearly 92 million Americans outside the workforce, resulting in the lowest participation rate in 36 years. The President’s immigration plan will only make things dramatically worse – and no amount of ‘promise zones’ will be a sufficient remedy for the millions of displaced workers.​



This is very depressing.

America is paying dearly for the voters' ignorance and Obama's arrogance.
 
We need a strong public and private sector in this country ;) Fine outsourcers and reward businesses that are America...

More science
More infrastructure
More r@d
More education with a reformed system...
More pro-American business policies

= winning. Cut, gut and fuck isn't a solution.
 
We need a strong public and private sector in this country ;) Fine outsourcers and reward businesses that are America...

More science
More infrastructure
More r@d
More education with a reformed system...
More pro-American business policies

= winning. Cut, gut and fuck isn't a solution.

Except, hydraulic fracturing?
Except, retaining existing tax code provisions for oil and gas?
Except....
 
We need a strong public and private sector in this country ;) Fine outsourcers and reward businesses that are America...

More science
More infrastructure
More r@d
More education with a reformed system...
More pro-American business policies

= winning. Cut, gut and fuck isn't a solution.

Except, hydraulic fracturing?
Except, retaining existing tax code provisions for oil and gas?
Except....

Hydraulic fracturing is happening all over this country...
Why should oil and gas get special breaks?
 
I believe it only reflects the number of people who are actively looking for work when they are surveyed. So if you are first asked a question like "Have you looked for work in the past month?" and then say No, you are not asked any more questions.

So it is not really an unemployment rate at all. Rather it is a rate of people, who have the good fortune to be optimistic that they will find work, not being able to find any at all. The U-6 rate that is published, but not publicized by anyone, has been hovering at around 13%. So half of the unemployed think they will find work and try within a 30 day period. The other half quite possibly have exhausted their options, or maybe are rethinking things, or re-training, and hoping something will come along later. Who knows. No one is bothering to ask these people any questions about themselves.

So we all remain in the dark. The Unemployment Rate is useless, and should not even be published. In fact, it probably shouldn't exist at all.
 

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