
Numbed by unemployment problem? 10 points to ponder
RIDER COMMENT: I think we Americans all are suffering from “unemployment fatigue.” We are sick and tired of discussing, pondering and complaining about this ongoing problem.
But this reality is still a huge depressant on our economy – both economically and psychologically. Logically unemployment should still be the #1 issue in the November election – which is why Obama is busy throwing mud in every direction but his own.
Here’s a readableWALL ST JOURNALop-ed on this problem. But first I’ve listed my 10 factoids and observations — mostly from the article:
1. Fewer Americans are working today than in 2000, despite the fact that our labor force has grown by 11.4 million.
2. The U.S. economy is NOT rebounding as in times past — an ominous parallel with the 12%+ permanent European unemployment condition.
3. Fifty percent of the jobs created since the recession hit have been part-time, with no benefits and a wage that’s inadequate to enter the middle class.
4. Counting discouraged workers no longer seeking employment and part-timers who want… Read More