Slim job prospects leave many unemployed too discouraged to look
OPS_admin | Jun 19, 2009 | Comments 0
Slim job prospects leave many unemployed too discouraged to look
EPI’s latest jobs analysis shows that millions of people not counted as officially unemployed are either “involuntary part-time” workers who want to work full-time but can’t find the hours, or they are “marginally attached,” meaning that even though they want to work, they did not actively seek work in the past month.
There were 1.3 million marginally attached workers at the start of the recession in December 2007, but that number has since swelled by close to 1 million, underscoring how prolonged economic downturns can make it progressively harder to find work.
“When we see such a dramatic increase in such a short period of time, we know that it’s not caused by a major shift in attitudes toward working, but instead by the fact that many jobless workers have simply realized they have little chance of finding meaningful work in such a weak labor market,” says EPI economist Heidi Shierholz.
via Slim job prospects leave many unemployed too discouraged to look.
Filed Under: Economy - Labor
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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