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View Diary: One Graph Says It All; Corporations Making Out Like Bandits (182 comments)

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  •  Full Employment + High Labor Participation Rate (3+ / 0-)
    Recommended by:
    TaraIst, kd texan, oscarsdad

    "You think you can intimidate me? Screw you. Choose your Weapon." Eliot Spitzer

    by bonddad on Tue Aug 29, 2006 at 02:34:52 PM PDT

    [ Parent ]

    •  Yeah, but we have pretty low unemployment now (0+ / 0-)

      Don't we?  So, what gives?  Is it that we have high labor participation of low paying jobs?  Does that mean it will be much harder to realize the fix?  I think I read that somewhere...

      War is not the continuation of politics by other means. On the contrary, it represents a catastrophic failure of political skill and imagination. - Kofi Annan

      by Arclite on Tue Aug 29, 2006 at 02:47:18 PM PDT

      [ Parent ]

      •  The Labor Participation Rate (4+ / 0-)

        tells a very different story.  According to the LPR we have a ways to go.

        "You think you can intimidate me? Screw you. Choose your Weapon." Eliot Spitzer

        by bonddad on Tue Aug 29, 2006 at 02:49:48 PM PDT

        [ Parent ]

      •  Is the low unemployment rate because people are (3+ / 0-)
        Recommended by:
        mataliandy, greeseyparrot, ms badger

        finding jobs, or is the low unemployment rate because people are dropping out of the job market?  Remember, the unemployment rate only measures those workers receiving unemployment benefits.  Once those benefits are exhausted, they are dropped from the unemployment rolls.  That is the problem I see with the Bush administration's argument that the economy is going strong because of the low unemployment rate.  

        And I'm also not sure if there are any statistics of job seekers taking jobs below their skill level, or are taking part-time jobs?

        •  Check this report out (1+ / 0-)
          Recommended by:
          Granny Doc

          from the Boston Federal Reserve: "Additional Slack in the Economy: The Poor Recovery in Labor Force Participation During This Business Cycle"

          Go to: www.bos.frb.org/economic/ppb/2005/ppb052.htm

          This report will explain why wages have remained stagment during a time of "low unemployement". (sorry, I can't seem to get the link thingy to work.)

        •  no data (1+ / 0-)
          Recommended by:
          Eric Hopp

          to support my observation, but anecdotally it seems that recent college grads have been largely underemployed.  Lots of people who have been laid off due to outsourcing have also had to take jobs beneath their skill level, with the poor wages and lack of benefits that go along with what used to be entry-level jobs.

          I think a quick survey on dKos would reveal lots of underemployed folks.

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