Nova78
Gold Member
- Dec 19, 2011
- 4,095
- 1,935
Labor outlook: 'It's just a very tough job market'
Millions of Americans are off from work this Labor Day. But millions of others are off nearly every day because they have no jobor have given up looking for one.
"It's just a very tough job market now. There's no other way of putting it," said Daniel Opler, professor of history and a labor expert at the College of Mount St.Vincent.
the number of Americans in the labor force, or those working or seeking a job, is at a 35-year low of 63.4 percent.
That translates into some 89.9 million Americans who are not working or seeking work.
This number might seem like a contradiction to the falling overall unemployment ratefrom a high of 10 percent in October 2009 to a recent 7.4 percent in July.
But a big part of the decline is likely due to the Millions who have taken themselves out of the job market, said Bob Funk, CEO of Express Employment.
"It's a tragedy so many people have given up looking for work, " he said. "It's older people and younger people that have in essence just thrown in the towel."
Well done Obama
You have destroyed a nation and put millions out of jobs....America has enough of your Carnival barking lies and bullshit !
![$untitled.jpg $untitled.jpg](https://www.usmessageboard.com/data/attachments/20/20064-336760449d96cf89968125e21923908f.jpg)
Millions of Americans are off from work this Labor Day. But millions of others are off nearly every day because they have no jobor have given up looking for one.
"It's just a very tough job market now. There's no other way of putting it," said Daniel Opler, professor of history and a labor expert at the College of Mount St.Vincent.
the number of Americans in the labor force, or those working or seeking a job, is at a 35-year low of 63.4 percent.
That translates into some 89.9 million Americans who are not working or seeking work.
This number might seem like a contradiction to the falling overall unemployment ratefrom a high of 10 percent in October 2009 to a recent 7.4 percent in July.
But a big part of the decline is likely due to the Millions who have taken themselves out of the job market, said Bob Funk, CEO of Express Employment.
"It's a tragedy so many people have given up looking for work, " he said. "It's older people and younger people that have in essence just thrown in the towel."
Well done Obama
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![$untitled.jpg $untitled.jpg](https://www.usmessageboard.com/data/attachments/20/20064-336760449d96cf89968125e21923908f.jpg)