Oh, you're picking one data point, rather than the entire curve. A statistical analysis based on a sample where N = 1. Brilliant. Thank you for your contribution.
Please cite the specific unemployment # that demonstrate increasing incidences of the frustrated worker syndrome.
http://www.bls.gov/fax/3010.pdf http://www.washingtonpost.com/ac2/wp-dyn?pagename=article&node=&contentId=A2949-2004Jan9¬Found=true The unemployment rate fell to 5.7 percent in December, a 14-month low, from 5.9 percent in November. But that reflected the decisions of 309,000 people to either stop working or stop looking for jobs, which means they are no longer counted as part of the labor force.
http://www.epinet.org/content.cfm/webfeatures_snapshots States with particularly worrisome job markets—where there have been substantial declines in the number of jobs and where the difference in wages between job-gaining and job-losing industries is particularly high—include:
* New Hampshire, which still has fewer jobs than when the recession ended, and where the wages in industries gaining jobs are 35% lower than wages in industries losing jobs.
* Delaware, which, likewise, has lost jobs since the recession ended and where job- gaining industries have wages 43% below those in job-losing industries.
* Colorado, which has lost almost 2% of its jobs since the end of the recession and where job-gaining industry wages are 35% below the wages in job-losing industries.
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West Virginia, which has lost 1.7% of its jobs since the end of the recession and where wages in job-gaining industries are 33% below wages in job-losing industries.
The shift in jobs from higher-paying industries to lower-paying industries has affected nearly every state. This dynamic has the potential to significantly slow the growth of living standards for working families.