How Many Jobs Are Needed to Keep Up with Population Growth? | The Economic Populist
Finally our favorite and never reported BLS statistic amplifies the
terrible situation for labor in this country. The BLS surveys people
considered not part of the labor force and asks if they want a job right
now. Below is a graph of the people who said yes and watch how this
figure swells.
For August 2012, those not counted in the labor force but report they
actually want and need a job increased by 403,000 in a month. That,
folks, should have you horrified. Literally we have desperate and
destitute people falling through the statistical crevasse, into the
abyss where they can only shout out from the numerical darkness, yes I
want a job!
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