The Romney recovery is picking up speed.
If jobs are picking up, why isn't the labor participation rate picking up?
You can't have solid job gains and a declining participation rate. People
are just exhausting their UE benefits, that is all. People who are part time
employed due to economic reasons(hours cut or cannot find full-time employment)
increased in April by 278K, to 7.9 Million. There are still nearly 8 Million
people that can't get full time employment because of the economy. 2.3
Million people were only marginally attached to the labor force( those that want
to work, but cannot find a job). That is unchanged from a year ago. Among
those marginally attached, nearly 1 million people are discouraged and believe
that there is no work for them. Almost unchanged from a year ago. There is not
much speed being picked up that is for sure.
Badger55:Many of the good paying jobs lost in the Great Recession
aren't coming back. Baby boomers are realizing that, and that it's
extraordinarily difficult to get a lot of jobs they're qualified for
because of their age, and so they're pooling resources, moving in with
family or friends, and have accepted that the future does not include going back
to previous prosperity.There's no point in fighting for
something that no longer exists.The Atlantic magazine ran a story
about employment in the retail sales sector, which has been the largest employer
for that past 50 or 60 years. Employment in that part of the economy is
dropping, as well. Walmart has fewer employees than it did, yet has opened more
stores. Online shopping is eliminating the need for retail employees, even if
customers ultimately go to the store to pick up their merchandise. The shopping
aspect is done online, less need for attentive sales people to help people
decide what to get.We hear that "freedom isn't
free".Well, "creative destruction" - the euphemism
conservatives use to describe economic turmoil - isn't free, either.
Once all the people affected by the sequestration lose their jobs then the
unemployment rate will triple.
Those desperately seeking work are making do with what is offered to them - part
time work, minimum wage, no benefits such as medical insurance or retirement
no, no, no the economy is not getting better, I dont care how high the stock
market goes or how low the unemployment drops. I stomp my feet in your general
I guess when you've used up all you unemployment insurance, what's the
point in appllying for more?