Missing 85,000 jobs; Try 1,000,000 plus
EpSil0n-// <[email protected]> Sat, 9 Jan 2010 10:16:23 -0600 (CST)
| Newsgroups | gmane.politics.progressive.news |
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| Message-ID | <[email protected]> |
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85,000? Were Missing a Million of Them!
January 8th, 2010
By David Goldman
No, Virginia: There isnt a Santa Clause, and even if there is, he didnt
bring an employment recovery for Christmas. But the household data in many
ways are far more concerning than the establishment data, which show an
85,000 drop in December payrolls.
A far more disturbing number (in Table A-1 of todays BLS release) shows
that persons not in the labor force increased by about 840,000 between
November and December, from 83,022 to 83,865. Thats seasonally-adjusted;
unadjusted, the number is closer to a million. Correspondingly, the total
size of the civilian labor force fell from 153,720 to 153,059 between
November and December.
What happened to the million Americans who went missing from the BLS
definition of the labor force in the single month of December? They are
the long-term discouraged or whatever, those whose prospects of finding a
job are so poor that they have stopped looking.
http://blog.atimes.net/?p=1304
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<p><br>
85,000? Were Missing a Million of Them!<br>
January 8th, 2010<br>
By David Goldman<br>
<br>
No, Virginia: There isnt a Santa Clause, and even if there is, he didnt <br>
bring an employment recovery for Christmas. But the household data in many <br>
ways are far more concerning than the establishment data, which show an <br>
85,000 drop in December payrolls.<br>
<br>
A far more disturbing number (in Table A-1 of todays BLS release) shows <br>
that persons not in the labor force increased by about 840,000 between <br>
November and December, from 83,022 to 83,865. Thats seasonally-adjusted<wbr>; <br>
unadjusted, the number is closer to a million. Correspondingly, the total <br>
size of the civilian labor force fell from 153,720 to 153,059 between <br>
November and December.<br>
<br>
What happened to the million Americans who went missing from the BLS <br>
definition of the labor force in the single month of December? They are <br>
the long-term discouraged or whatever, those whose prospects of finding a <br>
job are so poor that they have stopped looking.<br>
<br>
<a href="http://blog.atimes.net/?p=1304">http://blog.<wbr>atimes.net/<wbr>?p=1304</a><br>
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