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Jobs Versus Net Jobs

Discussion in 'Political Issues' started by Ruble Noon, Jul 23, 2012.

  1. jeanderson

    jeanderson Toga!... Toga! Platinum Member

    Thomas Sowell is great. He really nails it on jobs here. Economics is a complex thing, and so many try to simplify it.

    When the BLS issues it's employment report every month, I download the employment situation report (http://www.bls.gov/news.release/pdf/empsit.pdf). Ignore the "unemployment rate" and look at the labor participation rate. It's alarming. This is the percentage of population that is working and it's been steadily declining. That is unsustainable.