Posts tagged ‘Monthly Job Report’

September 2, 2011

Zero Net Jobs Created in August 2011 – First since 1945

by Vince

Very ugly headline in itself, but when you dig deeper, it’s worse:

About 2.6 million persons were marginally attached to the labor force in August, up from 2.4 million 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.

This paragraph stood out to me because of the lack of nuance in the unemployment discussion. It is made out by some or not clarified by many that everyone who is unemployed is magically the same as the next, all being lazy bums who sit around and intentionally collect government dole. Is it ironic that a claim of laziness made against a whole group is in fact intellectually laziness?

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