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Low Labor Force Participation Means Jobs Crisis Is Worse Than It Seems

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Low Labor Force Participation Means Jobs Crisis Is Worse Than It Seems

Post by Guest on Sat Aug 13, 2011 10:27 am

The jobs crisis may be even worse than it seems.

Times are tough for the nation's unemployed, and many have given up looking for work, dropping out of the labor force. The high unemployment rate of 9.1 percent would be even higher if it included the unemployed workers who have gotten discouraged, a new report from Wells Fargo Securities Economics Group contends. Currently, only 63.9 percent of the population is considered a member of the labor force, the report says.

The dropouts contribute to what's now the lowest labor force participation rate in 30 years.
http://www.huffingtonpost.com/2011/08/12/low-labor-force-participation-jobs-crisis-worse_n_925309.html

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Re: Low Labor Force Participation Means Jobs Crisis Is Worse Than It Seems

Post by TR11005 on Sat Aug 13, 2011 10:41 am

Since they just did a Census, then the real unemployment rate could be estimated. So we are in a Depression, prove that it isn't so. Don't tell me it is 9.1% or U-3. It is way beyond U-6. Morons know this.

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Re: Low Labor Force Participation Means Jobs Crisis Is Worse Than It Seems

Post by exhaustedandtired/1208 on Sat Aug 13, 2011 11:01 am

funny, during Romney's speech in Iowa he said there were 25 million unemployed! They don't want to know the real numbers!

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Re: Low Labor Force Participation Means Jobs Crisis Is Worse Than It Seems

Post by jmainframe on Sat Aug 13, 2011 2:25 pm

Yeah, they don't even want to admit we're in a depression. Why should they give us the REAL unemployment figures.

We may be in the grips of the lost generation, let alone the lost decade, UNLESS our so-called representatives stop fighting and work together on a solution, taking the necessary steps to pull us out of this.

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Re: Low Labor Force Participation Means Jobs Crisis Is Worse Than It Seems

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