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Balladeer

Administrator

Member Empyrean

since 1999-06-05

Posts 25505
Ft. Lauderdale, Fl USA

0 posted 2011-12-04 08:18 AM

How Occupy Wall Street Reduced Unemployment

By Ed Carson
Fri., Dec. 02, 2011 1:26 PM ET
Tags: Occupy Wall Street - Jobs - Unemployment - Economy

Occupy Wall Street may have fizzled in the last few weeks, but the movement may have helped improve the official employment picture.
Rather than hunting for jobs, thousands of young adults camped out in protests across the country.
Last month, 130,000 people age 20-24 left the labor force, the biggest drop this year. The overall labor force fell by 315,000, the main reason why the jobless rate tumbled to 8.6%.
If the young adult labor force had just remained unchanged, the jobless rate would have been 8.7%, a tenth of a percentage point higher than the official rate.
So if we just get all young adults to camp in parks and stop looking for work, we could eliminate this unemployment problem overnight.

http://blogs.investors.com/capitalhill/index.php/home/35-politicsinvesting/6662-how-occupy-wall-street-reduced-unemployment

Larry C

Member Patricius

since 2001-09-10

Posts 10286
United States

1 posted 2011-12-04 09:56 AM

I wonder who gets credit for that?

Huan Yi
Member Ascendant

since 2004-10-12

Posts 6688
Waukegan

2 posted 2011-12-04 01:27 PM

.

More than one in four men
55 to 59 are neither working
or looking for work. The overall
average among men is about one in five.
The drop in unemployment is because of
a contraction in the total labor force.
What work is out there, more American
men don't want to do.

Meanwhile the middle class in India
and China has grown to three hundred million.

And I don’t know enough Spanish
to talk to those repairing the roofs
and siding at my apartment complex.

More and more
Atlas has shrugged.

Welcome to the new world.

.

[This message has been edited by Huan Yi (12-04-2011 06:51 PM).]

Mistletoe Angel

Member Empyrean

since 2000-12-17

Posts 32816
Portland, Oregon

3 posted 2011-12-12 02:57 PM

Approximately 130,000 absconded the labor force, eh?

I have them to thank for making the job market less competitive!

Namaste,
lisping HIBISCUS

"If we have no peace, it is because we have forgotten that we belong to each other"

Mother Teresa

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