Posted on 05/09/2015 10:19:05 AM PDT by SeekAndFind
It seems almost ungrateful to complain about the announcement that the U.S. added 223,000 jobs to the economy in April, dropping the official unemployment rate to 5.4 percent, particularly after the dismal showing in March. Economists saw those numbers as reason for a “sigh of relief,” as one put it. But the truth is that for many American workers, the jobs recovery hasn’t yet provided real relief — and there is still a lot of ground to cover before the country can be said to have truly recovered the losses from the Great Recession.
The labor force participation rate remains considerably lower than it was prior to the recession, and while that has something to do with baby boomers retiring, the demographic changes don’t account for everything. As this chart from the left-leaning Economic Policy Institute in Washington shows, there are still fewer Americans of prime working age in the labor force now, on a percentage basis, than there were at the start of the recession.
Economist Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities, writes that the labor force participation rate, now at 62.8 percent, appears to have stabilized in the neighborhood of 63 percent. Factoring in a growing population, that flattening out could be seen as a positive.
“That’s better than a declining rate—at least some of the decline was driven by labor-force leavers discouraged by their job prospects,” he writes. “But most analysts, myself included, believe there’s considerably room for the lfpr to tick up as labor demand returns. The reason this matters—why it’s actually a big deal—is that this dynamic means there’s more slack in the job market than the relatively low unemployment rate suggests.”
(Excerpt) Read more at thefiscaltimes.com ...
It’s not going to recover.
It’s what happens when government imports the equivalent of nearly 2 major cities of immigrants per year, consisting of nothing but low wage legals and illegals.
These are reckless country killing policies.
http://www.bls.gov/news.release/empsit.t16.htm
There are now 93.7 million Americans out of work.
China is now the largest exporter on the entire planet.
EVERYTHING in every store in America (it seems anyway) is imported now, from China. That’s not literally true, but it is true enough.
China now has the second-largest defense budget on the entire planet.
Our defense budget is now shrinking. Partly because we don’t make stuff here in America anymore.
China’s defense budget continues to grow every single year. Because China does make a ton of stuff. More, all of the time.
The solution to all of this is very simple...
MAKE STUFF IN AMERICA ONCE AGAIN!
Stop importing everything.
The reason, I hate to use the term, the war on small business.
This is the part of the economy that must suffer when there are socialist initiatives.
Suffer it has.
It used to be the engine of employment.
New ROTC college grads are being told they may not get commissioned. A&M is losing it's guaranteed commission - as it should be since it's not an academy but it this move shows the times.
This is the old jobs-available cup is half-full or half-empty argument again. The obamian solution continues to be to use smaller and smaller cups.
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