Reply #82: Excellent Point [View All]

The U.S. has this mass of Unemployed, working age Americans referred to as "Not-in-Labor-Force." Of the 233 million working age Americans (those from 16-65 years old), only 146 million are employed. But the unemployment rate is reduced because of that 233 million, 78 million are considered to be "not-in-labor-force." So instead of being counted as unemployed, they aren't counted at all. Under the Bush junta, a record high number of people have dropped out of the labor force--putting them in the not-in-labor-force category. When the working age population grows 3 million in one year, and total employment only increases 262 thousand, true unemployment has gone through the roof—despite any numbers to the contrary published by the Bush junta.

Here's a 1-page link to our overall employment situation:
http://www.bls.gov/web/cpseea1.pdf

Just for added interest, http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?&series_id=CES0500000031">Real Weekly Wages have decline -1% over the last year. Wage decline is further evidence that the labor supply is exceeding the demand for labor--which increases unemployment.


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