The 86 million invisible unemployed

Annalyn Censky
money.cnn.com
May 3, 2012

There are far more jobless people in the United States than you might think.

While it’s true that the unemployment rate is falling, that doesn’t include the millions of nonworking adults who aren’t even looking for a job anymore. And hiring isn’t strong enough to keep up with population growth.

As a result, the labor force is now at its smallest size since the 1980s when compared to the broader working age population.

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7 Responses to “The 86 million invisible unemployed”

  1. “The truth is, the Labor Department simply doesn’t know why they’re not in the labor force. ”
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    But then the politicians all talk of “job creation” and “job creators” like they have a plan. How can you have a plan or a solution when you don’t understand the problem? And how can government, which is a cost center, understand a business which is a profit center?

    Back in the day, when I was a Lumberman in NE California, the spotted owl was my biggest threat of unemployment. If I’d only known! It’s human-ish beings in costumes, who live on a hill, in large dissimilar flocks and utter “…who?…who?…” while hoarding all the good stuff for themselves!

    • The only plan they have is hiding the actual number of unemployed and “poverty employed”, this is one of the more major crimes being perpetrated on the American citizens …

    • I am quite surprised they are NOT COUNTING THE PEOPLE IN PRISONS who are working for slave wages ~0.25 cents an hour!

      I almost hate to mention that, because if they haven’t already found a way to count them as employed, they will!

  2. That’s right, you won’t have to worry about paying your mortgage or putting gas in your car, because you wont have either of those things. Duh! However, you can get a job re-educating those pesky patriot types.

  3. How true this is, I see it everywhere now. Unemployment has to be 25% or higher now. Hope and change? Well we got the change. Only question one has to ask is are you better off then you were 3 1/2 years ago. Not that bush was any great prize, but obama takes the cake!!!

    • Man, I am really tired of this “cake”, like fruitcake that will survive a “nuclear winter”. Bush was quite obviously a cardboard cutout like Barry is, even with Barry, when he does not have the ole’ teleprompter, he speaks in a completely different spectrum, he babbles, and stumbles over every word, that makes me remember all those Bush Jr, speeches where he would try to say something intelligent, and it would come out like chewed up bubblegum.

      I see more and more empty / vacant store fronts, and I also see all the “chains” are hiring for the summer around here, like Wal-Mart, Lowe’s, and all the others, you can get a job, but its min wage, no benefits, and then they will just lay you off come the fall. There are no good jobs around here anymore.

      Its all geared towards tourism, no industrial type, manufacturing, its all gone, decades ago.

    • I agree, actual unemployment has to be 25% – 30%. What is even worse, if you take into consideration those working for “student wages” or “slave wages” (~minimum wage), the true picture of the American standard of living is simply deplorable!

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