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View Diary: Government reports far fewer new jobs created in January than expected. Official rate falls to 6.6% (81 comments)

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  •  The new normal. Just a week or so ago we got news (3+ / 0-)
    Recommended by:
    satrap, Meteor Blades, Eric Nelson

    that US mfg levels have fallen off a cliff.  And yet the employed labor force is at about what it was in Oct '06 - with ~3.5 million more people in the available work force compared to then, thus the current unemployment rate is 2.2 points higher. Add to that the fact that the government sector has shed (and continues to shed) jobs like there's no tomorrow, and you have the current wealth disparity disaster: the predominant work - that's still available - is service sector work  that pays, on average, barely enough to get by.  

    So let's screw the unemployed by stripping benefits!

    "Well, yeah, the Constitution is worth it if you succeed." - Nancy Pelosi, 6/30/07 // "Succeed?" At what?

    by nailbender on Fri Feb 07, 2014 at 06:26:16 AM PST

    •  Just a quick question... (1+ / 0-)
      Recommended by:

      How are parents who choose to stay at home counted in these various measures?  I can see arguments for both ways, but I was thinking in terms of the labor-force participation rate.  If someone is doing what they want to be doing, which by the way takes a lot of work, it seems... odd to say they're not part of the labor force, and that we need to get them into a wage-paying job.

      •  Oops! (0+ / 0-)

        Thought I hit post a comment - didn't mean to reply.  

      •  marginally attached workers (5+ / 0-)
        In January, 2.6 million persons were marginally attached to the labor force, little changed from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)

        Among the marginally attached, there were 837,000 discouraged workers in January, about unchanged from a year earlier. Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.8 million persons marginally attached to the labor force in January had not searched for work for reasons such as school attendance or family responsibilities. (See table A-16.)

        So parents that have recently decided to stay home are among the 1.8 million non-discouraged marginally attached.
      •  unemployed is defined as (0+ / 0-)

        those wanting work without a job; it's been defined that way since, what, the 40s?, good to be consistent

        if you don't want a job you're not counted as unemployed

      •  Unemployed are people looking for work. No job (3+ / 0-)

        Is not unemployed. Staying home and not looking for work is not unemployed. Only people looking for work are unemployed so if you don't have a wage paying job you are not unemployed unless you are looking for a job that it turns out you can't get, at least according to yesterday's Wall Street journal.

        “Well, when the president does it, that means it is not illegal.” Richard Nixon, 1977.

        by Kvetchnrelease on Fri Feb 07, 2014 at 06:40:40 AM PST

        [ Parent ]

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