Skip to comments.Nearly 1 Million Workers Vanished Under Obama
Posted on 01/12/2012 4:13:01 PM PST by Para-Ord.45
Initial jobless claims unexpectedly jumped by 24,000 last week to 399,000 as more workers lost their jobs, the Labor Department said Thursday. At the same time, the economy continues to lose workers.
In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force they aren't working, and they aren't looking according to data from Labor's Bureau of Labor Statistics. In the past two months, the labor force shrank by 170,000.
This is virtually unprecedented in past economic recoveries, at least since the BLS has kept detailed records.
(Excerpt) Read more at news.investors.com ...
And that`s you massage BLS data to get it down to 7% or so by election day and be able to claim your promise came true about the 3/4 Trillion dollar “stimulus” working.
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” Nearly 1 Million Workers Vanished Under Obama “
Must mean Moochelle — some of ‘em would be bound to stick out under Barry....
They crossed the border to Mexico. I hear the country is emptying out faster each day moving north, and there is plenty of room, lots of shanty towns, donkey poop, and dope field a growing.
With the advent of photo ID requirements in many states I imagine one million of his supporters will disappear, too.
Either we are in deep doodoo because people are dying off and our population is decreasing or we are in deep doodoo because our economy is shrinking.
Which one will look better for 0bama's campaign?
I would say more than a million have just gave up on the job market, I have seen a flood of new good, bad and ugly talents such as new writers hitting the markets, I see more and more home invasions, I see many communities seeing so many more yard sales that they are now being targeted for taxation.
many people are becoming scavengers, especially in copper.
Millions did indeed disappear from the normal workforce, but they still have to eat and support themselves in some fashion, be it by hook, crook or with ingenuity.
And many millions do NOT want Obamacare taking most of their wages away, so they are off the books.
Global Warming caused instantaneous combustion of 1 million people I bet!
The jobless claims jumped “unexpectedly”...
My kids and I, none of who are paid economists, all predicted this to happen after Christmas. Which makes us smarter than the combined staff of the NY Slimes and other lib propagandists.
A LOT of folks have joined the underground economy.
Some semi-legal (barter, working off the books, whatever), some totally illegal (drugs, moonshine).
We’re looking more like a third world country all the time.
Did the BLS have a case of amnesia and couldn’t remember where the MILLION workers were hiding?
Well, I’m staying home, for now. I mean — it doesn’t pay to work. The more I work — and I work like a DOG as an RN — the higher my taxes are. Hell if I’m going to work myself to death so some freeloader can get their welfare benefits without having to work for them.
I have found I can stay home, be a lot less stressed, live on my husband’s income, and just do temp jobs or travel jobs occasionally. I have learned to live on a lot less and be perfectly happy. I also feel our lives work much better when I’m at home taking care of things and also caring for my youngest.
I’ts my own little Going Galt story.
and they will eat each other if it comes to it
You make me proud to be an American.
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