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American Workforce Plummets
Topic Started: Apr 5 2013, 09:37 PM (290 Views)
Zechariah
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Zechariah
American workforce plummets amid weak job growth

(CBS News) It may be just a speed bump, but America's employers have suddenly hit the brakes on hiring. The Labor Department reported Friday the economy created only 88,000 jobs in March; it had been averaging nearly 200,000 a month.


The unemployment rate fell a tenth of a point to 7.6 percent, but that isn't good news. It dropped not because people got jobs but because a lot of folks gave up looking. The government doesn't count them as part of the workforce anymore.


"I hate the fact that I have to take unemployment or take this money from the government," said Alex Swingle. "I don't want to do that."

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Swingle, 44, lost his job as a credit analyst two-and-a-half years ago. He's one of the 4.6 million Americans who've been out of work more than six months.

"There are times when you get frustrated and just wanna throw up your hands and say, 'What am I gonna do?'" he said.

The surprisingly weak job growth in March means his search won't get any easier.

"I think what this number is really telling us is this isn't the breakout year," said economist Dean Maki of Barclays. "This is still a moderate-growth year. It's not a year we have to worry about recession, we don't think. But it isn't a very strong growth year either - another moderate year."

Maki said strength in the housing market and in auto sales has been offset in part by cuts in government spending. Job growth the previous two months was revised upwards - from 119,000 to 148,000 in January, and from 236,000 to 268,000 in February

But the number of Americans in the workforce fell by nearly half a million last month to 63 percent, the lowest level in nearly 34 years.

"That's for two reasons," said Maki. "One, some people are getting discouraged and dropping out. But we think a far bigger reason is simply the retirement of baby boomers."

Alex Swingle isn't giving up. He's now studying to be a real estate agent after failing to find work as a credit analyst.

"My 17 years of experience and my education doesn't seem to matter any more to these people," he said.

Economists warn not to read too much into one report. But they're concerned because job growth also started off strong the previous two years, only to taper off again

http://www.cbsnews.com/8301-18563_162-57578239/american-workforce-plummets-amid-weak-job-growth/
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Snidely Whiplash
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No news there as nothing has fundamentally changed in the last 5 years for the 90%. Many of us have been saying this for years now.
There needs to be in excess of 200,000 in jobs creation just to keep up, and over 300,000 to get those who lost their jobs back to work.
I was just shaking my head when people were giddy about ~200,000 jobs created in a month with many of them being low wage or partime jobs.
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Zechariah
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Zechariah
Snidely Whiplash
Apr 5 2013, 10:30 PM
No news there as nothing has fundamentally changed in the last 5 years for the 90%. Many of us have been saying this for years now.
There needs to be in excess of 200,000 in jobs creation just to keep up, and over 300,000 to get those who lost their jobs back to work.
I was just shaking my head when people were giddy about ~200,000 jobs created in a month with many of them being low wage or partime jobs.
I agree, the trend continues. However there are those who swear, "America is doing just fine". :'(
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Snidely Whiplash
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zecharia
Apr 5 2013, 10:33 PM
Snidely Whiplash
Apr 5 2013, 10:30 PM
No news there as nothing has fundamentally changed in the last 5 years for the 90%. Many of us have been saying this for years now.
There needs to be in excess of 200,000 in jobs creation just to keep up, and over 300,000 to get those who lost their jobs back to work.
I was just shaking my head when people were giddy about ~200,000 jobs created in a month with many of them being low wage or partime jobs.
I agree, the trend continues. However there are those who swear, "America is doing just fine". :'(
Well there are 2 groups that come to my mind. The wealthy 1 percent who have tremendously benefited from the upward transfer of wealth. So it's justifiable in making their case, all is good.

The other is the 90+ percent of blacks who are love sick with their cult of personality.

This interview below says it all.

http://www.blackagendareport.com/content/how-can-blacks-love-obama-so-much-when-theyre-doing-so-bad

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Zechariah
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Zechariah
Snidely Whiplash
Apr 5 2013, 11:10 PM
zecharia
Apr 5 2013, 10:33 PM
Snidely Whiplash
Apr 5 2013, 10:30 PM
No news there as nothing has fundamentally changed in the last 5 years for the 90%. Many of us have been saying this for years now.
There needs to be in excess of 200,000 in jobs creation just to keep up, and over 300,000 to get those who lost their jobs back to work.
I was just shaking my head when people were giddy about ~200,000 jobs created in a month with many of them being low wage or partime jobs.
I agree, the trend continues. However there are those who swear, "America is doing just fine". :'(
Well there are 2 groups that come to my mind. The wealthy 1 percent who have tremendously benefited from the upward transfer of wealth. So it's justifiable in making their case, all is good.

The other is the 90+ percent of blacks who are love sick with their cult of personality.

This interview below says it all.

http://www.blackagendareport.com/content/how-can-blacks-love-obama-so-much-when-theyre-doing-so-bad

That's the whole point. The wealth of all has been transferred to the bankers and corporations, leaving the (by your estimation) 90%, and some say 99% in a desperate situation. Even those who think they're ok, aren't. They don't see that the demise of the majority will effect them. Some simply live in denial.
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UTB

Do you think that the Negroes that stand in line to purchase NIKE $500 dollars care? That's called,"cutting off your nose in order to spite your face"! But Negroes being Negroes.........
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72MiMi
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The American workforce has been dwindling for years. Now we are almost vacant of anymore growth because the jobs are "over there". manufacturing, IT, clothing, most essentials are not produced/performed in America.
We are just purchasers. The only "stable" arena is the Medical world. and that won't matter for too long because most of us will be dead.

People complain about NAFTA but it was happening w/o the legal policy so ........The greed of the have's are now at a level where they will eventually take up residency in another country because America will not be able to purchase goods/services they offer.

We can only expect things to get worse.I said that 8 yrs ago when I noticed the real estate industry crumbling. America will HAVE to go below zero in order for any growth to occur. Why because the 2%'rs are not willing to pay their own for a days work....but when that same work becomes too expensive to maintain "over there" they will move the jobs back to America. But everyone must expect a much lower standard of living. If/When the do return to the USA it will be $10/hr tops the cost of living will drop back to the level of the 40's, before any progress is made.
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