Majia here: The new jobs report confirms that we are in the
weakest ‘recovery’ for the bottom 80% of the US population in over a hundred
years:
Cronin, Brenda (2013, April 6-7) ‘Job Growth Slows to a
Trickle’ Wall Street Journal, p. A1, A2
[Excerpted] Worst report in almost a year spooks investors;
Nearly half-million people quit looking for work in March. Employers added
fewer jobs in March than in any month in almost a year… Just 88,000 jobs were
created last month…” [end]
Casselman, B. (2013, April 6-7) ‘Worrisome Indicator:
Workforce Dropouts’ The Wall Street Journal, p. A2
[Excerpted] The participation rate among those under 25 has
fallen below 55% from just under 60% when the recession began…
The participation rate for so-called prime-age-workers –
those between 25 and 54 – was 81.1% in March, the lowest level since 1984.
There is no benign explanation for that decline: The number of prime-age
workers counted as ‘unemployed’ has fallen by 732,000 in the past year, but
just 166,000 of those workers found jobs; the rest simply have up looking…
…many of those who do return to work will be forced to take
jobs that pay far less than the ones they held before the recession [end]
RELATED POSTS
majiasblog.blogspot.com/2012/11/poverty-growing-in-america.html
Nov 15, 2012 – Majia's Blog:
US Life Span Declining (for Some Groups). Sep 23, 2012. Majia here: Poverty
is most certainly rising in America. The Wall Street ...
majiasblog.blogspot.com/.../normal-0-false-false-false-en-us-x-none....
Aug 9, 2011 – We are entering a time
when labor is not needed for capital accumulation. High frequency trading, for
instance, obviates the need for labor.
majiasblog.blogspot.com/2011/10/us-kids-in-poverty.html
Oct 20, 2011 – Robert Reich writes
“a record 37 percent of American families with young children are in poverty”
http://robertreich.org/post/11660232763 ...
majiasblog.blogspot.com/.../12/arizona-republic-1-o-2-in-us-is-low.h...
Dec 15, 2011 – "Squeezed by
rising living costs, a record number of Americans, almost one in two,
have fallen into poverty or are scraping by on earnings that ...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.