If you have been unemployed more than a year,
you count as “discouraged”, a case less severe.
Do not go ballistic
You are a statistic.
No more unemployed, but a discard. So there!
The Bureau of Labor Statistics (BLS) nonfarm payroll employment rose by 252,000 in December, and the unemployment rate
declined to 5.6 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in
professional and business services (52000), construction(48000), food services and drinking places(44000), health care(34000), and
manufacturing(17000).
The labor participation rate slid 0.2%, dropping to 62.7%, or the lowest print since December 1977.
Americans not in the labor forced soared by 451,000 in December, far outpacing the 111,000 jobs added according to the Household Survey, and is the primary reason why the number of uenmployed Americans dropped by 383,000.
Average wages dropped In December, for all employees on private nonfarm payrolls by 5
cents to $24.57. In December, average hourly earnings of private-sector production and
nonsupervisory employees decreased by 6 cents to $20.68.
One cannot help but notice the discrepancy in the 252000 jobs added according to BLS, versus the 111000 jobs added according to the household survey.
With the lowest labor participation rate since 1977 (the Carter malaise) we are not in a real recovery, the real numbers are much worse.
Len Bilén's blog, a blog about faith, politics and the environment. 