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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 1983....link
Posted by at 07:51

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