More job seekers give up, reducing unemployment

[carpro]

http://news.yahoo.com/s/ap/20110602/ap_on_bi_ge/us_economy_missing_workers

More job seekers give up, reducing unemployment

By PAUL WISEMAN, AP Economics Writer – Thu Jun 2, 6:18 am ET

WASHINGTON – Where did all the workers go?

The labor force — those who have a job or are looking for one — is getting smaller, even though the economy is growing and steadily adding jobs. That trend defies the rules of a normal economic recovery.
Nobody is sure why it's happening. Economists think some of the missing workers have retired, have entered college or are getting by on government disability checks. Others have probably just given up looking for work.

"A small work force means millions of discouraged workers, lower output in the future and a weak recovery," says Rep. Kevin Brady of Texas, the ranking Republican on the Congress' Joint Economic Committee. "Those are unhealthy signs."

Here's the key........

By the government's definition, if you quit looking, you're no longer counted as unemployed. And you're no longer part of the labor force.

The Obama administration is lovin' it. While employment is worsening, government numbers say everything is better.

 

[FR7 Baptist]

http://news.yahoo.com/s/ap/20110602/ap_on_bi_ge/us_economy_missing_workers



Here's the key........




The Obama administration is lovin' it. While employment is worsening, government numbers say everything is better.

Do you support redefining the government definition of unemployed like Reagan did when he moved people in the military from "not in the workforce" to "employed"?

 

[Earth Wind and Fire]

It's just going to serve to bite BO on the arse come election time. Fine with me.....throw the bum out!

 

[carpro]

Do you support redefining the government definition of unemployed like Reagan did when he moved people in the military from "not in the workforce" to "employed"?

I support accuracy. Military people are employed. That was a step in the right direction.

More needs to be done.

 

[billwald]

Are military personnel covered by the minimum wage law of the states in which they work? If not, the why should they be counted as if in the job market?

 

[targus]

Funny how the resident libs took this off topic in record time.:laugh:

 

[carpro]

Funny how the resident libs took this off topic in record time.:laugh:

Trying so hard it's painful to watch.:thumbs:


The lack of logic and good sense in their responses illustrates their quandary.

 

[webdog]

This doesn't even take into consideration those who have not given up, are still unemployed and no longer receive unemployment benefits...or those like myself who are now underemployed making almost half of what I was making after 2 years of being unemployed.

 

[carpro]

This doesn't even take into consideration those who have not given up, are still unemployed and no longer receive unemployment benefits...or those like myself who are now underemployed making almost half of what I was making after 2 years of being unemployed.

True...and thank you for reminding us. It's another example of the inaccuracy in government reporting of unemployment numbers.

Done properly, I wouldn't be surprised if the unemployment rate actually tops 20%.

BTW...Here's praying for you own employment situation. raying:

 

[webdog]

True...and thank you for reminding us. It's another example of the inaccuracy in government reporting of unemployment numbers.

Done properly, I wouldn't be surprised if the unemployment rate actually tops 20%.

BTW...Here's praying for you own employment situation. raying:

Thank you. Interviewing next Friday with Progressive Insurance, which is encouraging. I sent and applied with them too many times to count, and they finally set up testing for me (which I passed). The office is about 2 miles from my home, too.

 

[Salty]

Do you support redefining the government definition of unemployed like Reagan did when he moved people in the military from "not in the workforce" to "employed"?

According to this link - those in the Armed Forces are not counted in the labor force.

Old System

Not employed..... 80 = 8.0% unemployment rate
Employed..........820
Military.............100

Total
labor force........1,000 ( x 8% = 80 )

New System
Not employed......... 80.= 8.8% unemployment rate
Employed..............820
Military.................100

Total labor force.. 900 ( x 8.8% = 80 )