The CEO’s and the corporations are stealing America. The American worker was better off in 1970. If you made 40,000.00 in 1970, you are now working for 35,000.00 we are going backward. The corporations have no one to answer too!
The worker keeps his head down because he is told everyday he can be replaced. The ceo’s use fear to keep the workers in line.
A friend of mine she was making [...]
NEW YORK (CNNMoney) — There are far more jobless people in the United States than you might think.
While it’s true that the unemployment rate is falling, that doesn’t include the millions of nonworking adults who aren’t even looking for a job anymore. And hiring isn’t strong enough to keep up with population growth.
As a result, the labor force is now at its smallest size since the 1980s when compared to the [...]
The national unemployment rates gets lots of attention, and lately more attention has been paid to the workforce participation rate since more Americans have given up looking for a job, but we can also see that an astounding 100 million Americans don’t have jobs.
Specifically, these are people who are part of the civilian over-16 non-institutional population who are either unemployed or not part of the workforce. According to the April jobs [...]
From Crossing Wall Street
The national unemployment rates gets lots of attention, and lately more attention has been paid to the workforce participation rate since more Americans have given up looking for a job, but we can also see that an astounding 100 million Americans don’t have jobs.
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by ZH
Fidelity is happy to announce it has an opening for a new consumer discretionary analyst, because the current one, the one who recommended the firm’s investment in Green Mountain, is now looking for a job. Fidelity’s GMCR position , which as of 3:59 pm amounted to $1.13 billion, was minutes later trimmed by $445 million, after the company finally posted earnings (and we use the term loosely) which may have [...]
Amid disappointing unemployment numbers that fell 80,000 jobs short of projections, another number is raising eyebrows: the number of Americans not in the labor force has hit a record high 87,897,000.
This figure explains why overall unemployment dropped from 8.3% to 8.2%, as the Department of Labor’s unemployment figure does not include people who have given up hope and are not actively seeking employment.
When the number of individuals who have stopped [...]
Unemployment falls because they stop counting people who have either died from starvation or given up looking for a job.
GDP growing in its current fasion is of almost no benefit to the average america, this “growth” only helps corporations and share holders of the federal reserve.
GDP calculation needs to be adjusted to negate / remove government spending from the equation so that you can see a clear picture of the [...]
Conservatives are anxious to see bad news in the drop in the headline unemployment rate to 8.5 percent. Yes, it’s fabulous that employment is finally turning upwards, but the labor force isn’t expanding as it should in a healthy recovery. The following two charts using data from the Household Survey from the Bureau of Labor Statistics show the problem. Here is the trend in Employment.
It looks pretty good, finally. But here is [...]
by RortyBomb
Unemployment fell sharply in the last two months, down to 9.0%. Much of that is due to a January reshuffling of the aggregate statistics. Little of that is due to the anemic job growth during that period. A good part, not discussed, is due to people simply dropping out of the labor force.
U3, the rate we refer [...]
by Zh
Probably the last chart to bury any doubt about just how truly horrible today’s employment data was, comes from a little observed data metric: that showing the number of people who are not in the labor force, but who want a job now. The number just hit 6,643K, a jump of 431K from December, and the highest number in history. These are people that would send [...]
We’ll end up with a 75,000,000 workforce and the other 75,000,000 wandering around aimlessly…looking for a job …any job they can get. (or not looking…as they say…and status’cize)
Industry is being shipped overseas…those good “high paying” jobs that everybody around here keeps talking about…those high paying jobs have to be performed by a “skilled labor” force…the “skills” that used to be taught K to 12 in the fifties that I for [...]
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