Friday, March 5, 2010

A Million Two Discouraged Workers

Probably the greatest labor saving device in the history of the nation
Is the present Administration.
— Ogden Nash

The key quote from the BLS underscores the President's strategy of reducing the unemployment rate by discouraging workers:
Among the marginally attached, there were 1.2 million discouraged workers in February, up by 473,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.3 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.
There was no mention of the number of "green jobs" created, saved, or discouraged in the report.

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