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How To End Unemployment

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Balladeer
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0 posted 12-04-2011 08:18 AM       View Profile for Balladeer   Email Balladeer   Edit/Delete Message      Find Poems   Click to visit Balladeer's Home Page   View IP for Balladeer




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
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since 09-10-2001
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1 posted 12-04-2011 09:56 AM       View Profile for Larry C   Email Larry C   Edit/Delete Message      Find Poems   Click to visit Larry C's Home Page   View IP for Larry C

I wonder who gets credit for that?
Huan Yi
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since 10-12-2004
Posts 6334
Waukegan


2 posted 12-04-2011 01:27 PM       View Profile for Huan Yi   Email Huan Yi   Edit/Delete Message      Find Poems  View IP for Huan Yi

.


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 donít 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
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3 posted 12-12-2011 02:57 PM       View Profile for Mistletoe Angel   Email Mistletoe Angel   Edit/Delete Message      Find Poems   Click to visit Mistletoe Angel's Home Page   View IP for Mistletoe Angel

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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