Labor force catastrophe with more than half a million dropping out of the labor force: Record 94.6 million Americans not in the labor force.
The latest employment report was a complete disaster. The only reason the unemployment rate remained unchanged was because a stunning 579,000 people dropped out of the labor force in one month. We now have a record 94.6 million Americans categorized as not being in the labor force. This massive drop cannot be explained by the […]
The failed recovery in 9 charts: 9 charts highlighting the lackluster performance of the economy.
The mainstream press simply measures a recovery by looking at the stock market even though very little of the gains here are trickling down to regular families. It should be noted that many Americans are frustrated with the economy because to them, it still feels like a recession. Low-wages permeate the landscape, housing costs are […]
Record shattering 94 Million Americans not in the labor force: The army of non-working Americans continues to grow.
The employment numbers released a few days ago left much to be desired right before entering into the nationally celebrated Labor Day holiday. Not many people can enjoy the “labor†part of the holiday since those not in the labor force has hit another stunning record. The latest gloomy figures show that 94 million Americans […]
Trends in low wage America: 1.4 million waiter/bartender jobs gained while 1.4 million manufacturing jobs lost since 2007. Top 4 employment sectors pay $10 an hour or less.
The media pundits are scratching their heads as to why two political outsiders are garnering all the attention. You want to know why? Both are addressing the low wage epidemic plaguing the country. Now we can debate their policies since both stand at the extreme opposite ends of the spectrum but their message is clear […]