Tuesday, October 16, 2012
"America's hidden unemployed: too discouraged to count"
The employment picture in America is quite depressing.
Even with a different president, the road to getting back lost jobs is likely to be difficult and take a long time...
Even with a different president, the road to getting back lost jobs is likely to be difficult and take a long time...
Lucia Mutikani writes about it at Reuters.com:
"Economists, analyzing government data, estimate about 4 million fewer people are in the labor force than in December 2007, primarily due to a lack of jobs rather than the normal aging of America's population. The size of the shift underscores the severity of the jobs crisis. If all those so-called discouraged jobseekers had remained in the labor force, August's jobless rate of 8.1 percent would have been 10.5 percent."
