These days I hope everyone already knows that the unemployment rate is a messy why of looking at our economies health . Though employment rates and pay are the most important things to look at for us who are not rich and need our jobs. The employment numbers can fall, not because more people are working, but simply because fewer people are looking for work. A far better alternative to our official unemployment rate, is to count employment rather than unemployment. By that measure (and its by far more accurate harder to play games with), the "employment-population ratio", it shows us what we already really know, there has been no improvement for years.
So welcome to the real Economy our president is so happy with. There are few jobs out there, and those that are out there, they pay honorably.
– Lower-wage occupations were 21 percent of recession losses, but 58 percent of recovery growth.
– Mid-wage occupations were 60 percent of recession losses, but only 22 percent of recovery growth.
Yes those new jobs, the few there really are suck. One more thing about all these jobs, a huge number of them not only pay poorly per hour, but they are only part time jobs. But our noble leaders minions are now saying that a lot of the 14.7% of the workforce who were unwillingly forced into part time work or are not working. They are now happy with working only part time. That 14.7% number has not changed all year, it shows zero improvement.
So are happy days here again?
Do we just need to stay the course, Obama's policies will work someday?
Hopefully they work before we die. If what you are doing is not working, doing the same over and over again is a sign of insanity
| ||Posted 10/7/2012 7:48 AM - 519 Views - 22 eProps - 18 comments|
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