10-20-2011, 07:53 PM
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#11
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“Hypocrisy: prejudice with a halo”
Join Date: Mar 2007
Location: Savannah, Georgia
Posts: 21,393
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Let's start with the obvious: Unemployment. Three years after the financial crisis, the unemployment rate is still at the highest level since the Great Depression (except for a brief blip in the early 1980s)
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Jobs are scarce, so many adults have given up looking for them. Thus, a sharp decline in the "participation ratio."
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And it's not like unemployment these days is a quick, painful jolt: A record percentage of unemployed people have been unemployed for longer than 6 months.
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And it's not just construction workers who can't find jobs. The median duration of all unemployment is also near an all-time high.
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That 9% rate, by the way, equates to 14 million Americans—people who want to work but can't find a job.
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And that's just people who meet the strict criteria for "unemployed." Include people working part-time who want to work full-time, plus some people who haven't looked for a job in a while, and unemployment's at 17%
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Put differently, this is the lowest percentage of Americans with jobs since the early 1980s (And the boom prior to that, by the way, was from women entering the workforce).
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Brooks: Obama Told Me "Shovel-Ready" Jobs Don't Exist Last Year
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Anyone but the this most fuked up President in History in 2012!
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