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"Anyone can act presidential. "
It's a lot harder to do what I do.


Wednesday, September 07, 2016

Millions of men in their prime working years have dropped out of the workforce.
In 1940, near the end of The Great Depression when conservative efforts to stop most of The New Deal that had stalled recover began to take hold, the U.S. Labor force was 56,180,000, largely working age males age 25-54. Those unemployed numbered 8,120,000.

Doing your basic remedial arithmetic that's 14.5 % unemployment.

Applying the same basic remedial arithmetic to the 1 in 6 stat above gives us an unemployment rate of 16.7%.

Still believe there is no depression?

In August the labor force participation rate was 62.9%.

In May it had hit a record 62.6%, 94,708,000 not In the labor force.

Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May

(CNSNews.com) - A record 94,708,000 Americans were not in the labor force in May -- 664,000 more than in April -- and the labor force participation rate dropped two-tenths of a point to 62.6 percent, near its 38-year low, the Labor Department's Bureau of Labor Statistics reported on Friday .
When President Obama took office in January 2009, 80,529,000 Americans were not participating in the labor force; since then, 14,179,000 Americans have left the workforce -- some of them retiring and some just quitting because they can't find work...
...The unemployment rate in May dropped to 4.7 percent, BLS reported, less than half of its Obama-era high of 10 percent in October 2009.
But the labor force participation rate has deteriorated over Obama's two terms.
When Obama took office in January 2009, shortly before the recession ended, the labor force participation rate was 65.7 percent. The following month, it reached an Obama-era high of 65.8 percent, and then it began its seven-year downward spiral, hitting 62.4 percent in September 2015, its lowest point since 1977. 
As for me I'm still at The Big Box Retailer but even with that, hours are being cut and it is etting harder to pay the bills.

Taking all of the above and what has happened these last 8 years, you tell me who you would rather roll the dice on in November.

Oh yeah, read this crap if you want, but to me it sounds like NPR is insinuating this problem is largely self inflicted by the unemployed themselves.

Insanity is doing the same thing over and over and expecting a different result.


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posted by midnight rider at permanent link#


Blogger Always On Watch said...

OMG! Your hours are being cut?

Thursday, September 08, 2016 11:31:00 am  
Blogger midnight rider said...

Yes a lot of us are betwern 15-20 hrs a week.

Thursday, September 08, 2016 12:21:00 pm  
Blogger midnight rider said...

Mngmnt gets bonuses if they keep hrs down.

Thursday, September 08, 2016 12:22:00 pm  
Blogger Always On Watch said...

15-20 hours a week? Hideous.

Let me know if I can help you. I don't have money, but I might be able to help some other way.

BTW, for various reasons, my own income has just been cut by 1/3.

Thursday, September 08, 2016 1:37:00 pm  
Blogger WC said...

Jeeezzz....MR! your'e living in a DILBERT world!
I'm willing to help too. maybe we all could figure something out.

Thursday, September 08, 2016 8:18:00 pm  
Blogger midnight rider said...

That strip sis more true than you realize WC.

Because a floor team is allotted more hours than the backroom team, they will take that floor team and throw them in the backroom. So, like today, a floor team member will have more backroom hours than I even though I'm available.

AND, because they have floor team covering the backroom, they will use the backroom team to unload the truck, since the truck team has a high call off rate.

The incompetence in management at that joint is astounding.

Friday, September 09, 2016 6:31:00 am  

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