91-million-americans-arent-looking-for-jobs

[danmand]

http://economy.money.cnn.com/2014/02/10/91-million-americans-arent-looking-for-jobs/

91 million Americans aren't looking for jobs
By Annalyn KurtzFebruary 10, 2014: 2:20 PM ET











The unemployment rate isn't always the best measure of the job market, because it only includes people who have actively searched for work within the last four weeks. Many Americans just aren't looking for jobs.

In fact, about 91 million adult Americans don't work, and aren't looking for jobs. They make up 37% of the population -- the highest level on record since 1978.

Yes, some of them are workers who've been out of a job for so long that they've given up entirely.

But don't be too alarmed: In addition to discouraged workers, this group also includes people who are retired, enrolled in high school or college, and staying at home to take care of young children or elderly relatives.

Here is a complete view of the U.S. working-age population, including everyone over age 16.

Full-time workers still make up the biggest part of the population. About 48% of working-age Americans have full-time jobs, and another 11% work part-time.

 

[canada-man]

How are they supporting themselves if they are no working?

 

[SchlongConery]

How are they supporting themselves if they are no working?

There is this this thing called "Family". It includes mothers, wives, stay at home dads, grandparents etc...but you first did read what you cut and pasted didn't you?

"...this group also includes people who are retired, enrolled in high school or college, and staying at home to take care of young children or elderly relatives."

 

[BlueLaser]

The first comment on the actual linked article was insightful...

91 Million SOUNDS like a huge number until you actually look at what is IN the number....just over 47 Million of the 91 are retired folks, just over 22 million are students. That means just about 70 million or about 3/4 of the number are retired or students. Now drop in those staying home to take care of family members, stay at home parents...the ACTUAL number not in the work force is VERY low.

 

[thirdcup]

Where did these numbers come from? If it came from the gov't then that would be okay- as long as you think the gov't can be trusted. Just in case you might be harboring some skepticism, then perhaps you should consult an alternate source, like this one.
http://www.shadowstats.com/


It is dangerous to be right when the government is wrong.

- Voltaire

 

[Elmore Scruggs]

Working is for suckers.

 

[blackrock13]

Working is for suckers.

Do you know GB? Can we take this to mean you work?

 

[blackrock13]

The first comment on the actual linked article was insightful...

91 Million SOUNDS like a huge number until you actually look at what is IN the number....just over 47 Million of the 91 are retired folks, just over 22 million are students. That means just about 70 million or about 3/4 of the number are retired or students. Now drop in those staying home to take care of family members, stay at home parents...the ACTUAL number not in the work force is VERY low.

You are expecting DM to think this through? That would not fit his mind set.

 

[Elmore Scruggs]

Do you know GB? Can we take this to mean you work?

Do I look like a sap?
Those goody-good people who work shitty jobs for bum paychecks and take the subway to work and worry about bills are dead. They're suckers. They have no balls.
If I want something I just take it.

 

[blackrock13]

Do I look like a sap?
Those goody-good people who work shitty jobs for bum paychecks and take the subway to work and worry about bills are dead. They're suckers. They have no balls.
If I want something I just take it.

So you don't work?


The 'I just take it' claim sure sounds familiar from a past long banned, but not missed, member of TERB but the handle escapes me at this time. Welcome back schlub.

 

[Elmore Scruggs]

So you don't work?

No way, I'm the guy laughing at all you poor schlubs stuck in the hamster wheel.

 

[onthebottom]

BLS Chart 4 tells the story:

http://www.bls.gov/web/empsit/cps_charts.pdf

See if you can spot the Obama recovery….. I can't

OTB

 

[danmand]

BLS Chart 4 tells the story:

http://www.bls.gov/web/empsit/cps_charts.pdf

See if you can spot the Obama recovery….. I can't

OTB

There is no recovery. Wait for the market and the $US to tank.

 

[blackrock13]

BLS Chart 4 tells the story:

http://www.bls.gov/web/empsit/cps_charts.pdf

See if you can spot the Obama recovery….. I can't

OTB

Weren't you the one that told us the Stock Market would reflect how Obama was doing?

Try charts 3, 4, 5, 9, 10, 11, 12, 15, 16, and 17 to start.

 

[onthebottom]

There is no recovery. Wait for the market and the $US to tank.

Exactly, and now the CBO says Obamacare will reduce FTEs by 2017….

Obama is presiding over the greatest shift to a dependent class since the great depression….

I think corporate earnings have now factored in a smaller workforce and the party will be back on - 2013 was good year to the market, I think we're seeing a bit of a correction to that in Q1….

US$ - we'll see, the "tapering" - or printing of money - is slowing so that should help the US$

I think instability helps the US$ and I think we'll see a lot of that.

OTB

 

[onthebottom]

Weren't you the one that told us the Stock Market would reflect how Obama was doing?

Try charts 3, 4, 5, 9, 10, 11, 12, 15, 16, and 17 to start.

Chart 3 isn't very helpful because it doesn't adjust for an increasing population.

Chart 4 shows the collapse of the labor participation rate - so yes that's on point, which is why I referred to it.

Chart 5 same answer as chart 3

Chart 9 doesn't take into account discouraged or marginally attached workers

Chart 10, 11, 12, 15, 16, 17 same answer as chart 9


Chart 20 expresses the labor participation rate as unemployment rate - the U6 rate is unemployed plus discouraged (would like a job have given up looking) marginal (would like a job but have not looked recently and those working part time but would like full time and can't find it. That rate is about 13% and higher than anytime since 1994…..

 

[danmand]

Exactly, and now the CBO says Obamacare will reduce FTEs by 2017….

Obama is presiding over the greatest shift to a dependent class since the great depression….

I think corporate earnings have now factored in a smaller workforce and the party will be back on - 2013 was good year to the market, I think we're seeing a bit of a correction to that in Q1….

US$ - we'll see, the "quantitative easing" - or printing of money - is slowing so that should help the US$

I think instability helps the US$ and I think we'll see a lot of that.

OTB

fixed your post.

 

[onthebottom]

fixed your post.

what did you "fix"?

 

[danmand]

Tapering is what the fed calls a reduction in quantitative easing.

 

[Aardvark154]

When I said the same thing before the presidential election the cries of oh shut up were fairly loud. Irony is sweet (if tragic).