Friday, May 4, 2012

Welcome to the Stag-Nation


BobKrum.com ^ | 5-4-12 | Bob Krumm



This is what a stagnant economy looks like. The gain of 115,000 jobs is less than enough to keep up with population increases, and was below the median economic forecast for April. The only reason that the unemployment rate “fell” to 8.1% is because the labor force participation rate keeps dropping.

If you stop looking for work, you aren’t unemployed. But you’re not employed either. You’re just “missing.” You don’t count.

Welcome to the country we now live in: the Stag-Nation.

UPDATE:

Labor force participation rate drops by a staggering 522,000 to the lowest level since 1981. That, btw, was two years before Mr. Mom, a movie about the entry of women into the workforce, forced there by the bad economy. This economy is so bad that women are kicked out of the workforce to a rate not seen in over 30 years.

I wonder what Julia’s going to do now.


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