America’s hidden unemployed: too discouraged to count
This should get a lot of media play given it’s a Reuters report. Then again, maybe not.
“There’s nothing out there and there probably won’t be anything for a while,” said McCune, from New Concord, Ohio. He has moved back home to live with his parents, who are helping him pay off his college debt of about $20,000.
“I don’t like it, it’s embarrassing. I don’t want to be a burden to my parents,” said McCune, adding that he felt like a high school dropout.
Economists, analyzing government data, estimate about 4 million fewer people are in the labor force than in December 2007, primarily due to a lack of jobs rather than the normal aging of America’s population. The size of the shift underscores the severity of the jobs crisis.
via Firstpost.
Please consider supporting RiehlWorldView with a small donation
, by shopping at Amazon via our Associate link in the sidebar
or by re-distributing our content across the Web with the options below. Thank you.
These stories have been appearing for the last four years. But they get no play at all among the punditocracy. This is a slow, grinding national tragedy. It is blighting countless lives. But Obama. Doesn’t. Care. And neither do his media minions.
[...] America’s hidden unemployed: too discouraged to count Share this:TwitterFacebookLike this:LikeBe the first to like this. [...]