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Sunday, 19 February 2012

America Is Collapsing: 88 Million Out Of Work And Not Looking For A Job

Number of the day

88 million

That’s how many working-age Americans don’t have a job and aren’t trying to find one.
The increase in people dropping out of the labor market altogether skews the otherwise-positive unemployment numbers released last week.

While the jobless rate fell to 8.3 percent in January – a three-year low – it doesn’t account for this army of nonworking Americans.

The percentage of people participating in the labor market dropped to 63.7 percent last month, the lowest level since May


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