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40 percent of unemployed have quit looking for jobs

Discussion in 'News & Current Events' started by Revmitchell, May 20, 2015.

  1. Revmitchell

    Revmitchell Well-Known Member
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    At a time when 8.5 million Americans still don't have jobs, some 40 percent have given up even looking.

    The revelation, contained in a new survey Wednesday showing how much work needs to be done yet in the U.S. labor market, comes as the labor force participation rate remains mired near 37-year lows.

    A tight jobs market, the skills gap between what employers want and what prospective employees have to offer, and a benefits program that, while curtailed from its recession level, still remains obliging have combined to keep workers on the sidelines, according to a Harris poll of 1,553 working-age Americans conducted for Express Employment Professionals.

    http://www.cnbc.com/id/102694868
     
  2. church mouse guy

    church mouse guy Well-Known Member
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    The highest corporate taxes in the world are killing American business and driving it overseas. No one is getting a raise. Meanwhile the US Chamber of Commerce and the Business Roundtable have joined with the Democrats to bring in another 15 million Mexicans at the same time that Obama is acting to keep Cubans in a Stalinist island prison by denying them asylum if the reach our shores.

    Obama is gambling that there will be no Judgment Day.
     
  3. InTheLight

    InTheLight Well-Known Member
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    Bunch of slackers...
     
  4. Livingnow

    Livingnow New Member

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    This is a clear indication that the employment report that comes out every month doesn't really reflect the unemployment problem in its entirety. The problem is that once people have stopped looking for job, they're no longer accounted into the group of people that are unemployed.
     
  5. Salty

    Salty 20,000 Posts Club
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    In addition - unnecessarily regulations and extreme union demands do not help either
     
  6. church mouse guy

    church mouse guy Well-Known Member
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    Excellent point!
     
  7. church mouse guy

    church mouse guy Well-Known Member
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    Welcome in! Excellent point! The government probably never has had an accurate count of the number of unemployed since the system began perhaps during the Great Depression.
     
  8. matt wade

    matt wade Well-Known Member

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    If they stopped looking then they obviously don't need a job very badly and shouldn't be counted a unemployed (and needing work).
     
  9. targus

    targus New Member

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    The unemployed whose unemployment benefits have run out are considered to be "not looking" for employment.

    It's an accounting gimmick to make the unemployment rate look better than it actually is.

    Many people without work are also without hope and simply exist in quite desperation.
     
  10. Livingnow

    Livingnow New Member

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    I would never conclude that they don't need job. People stop looking for work as a result of being fed up during the process.
     
  11. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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    Very good.....:thumbs:
     
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