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| Home Front: Culture Wars |
| Americans Giving Up on Jobs |
| 2016-01-19 |
| h/t Instapundit Forty percent of Americans who are capable of working but who don't have a job say they have completely given up looking for work, according to a new report. The findings of a survey conducted by Express Employment Professionals show that the longer an individual has been out of the labor force, the more likely they are to say they have given up looking. More than half -- 55 percent -- of those out of work for more than two years say they have given up, while 21 percent of those out of labor force for three months or less say the same. "Sometimes people get so frustrated with their job prospects that they give up looking for work altogether," states the report. "If they're not looking for work, then they're not officially counted among the 'unemployed' according to the government." These factors contribute to a falling labor force participation rate, a figure monitored by the Bureau of Labor Statistics that measures the proportion of the population who do not have a job and did not look for one in the past month. In 2015, this rate averaged out to 62.7 percent, the lowest level seen since 1977. |
| Posted by:g(r)omgoru |
| #5 Consequence of 0bean putting the Saudis in a bad place with the Iran nuclear deal. The Saudis feel so insecure that they are using oil as a weapon against Iran. The Saudis have deeper pockets, for now. Thank fearless leader for not working with our regional allies to make sure that their concerns were addressed. Idiot. |
| Posted by: Sven the pelter 2016-01-19 19:51 |
| #4 Sad to see you leaving the oilfield Glenmore. Our rig is still drilling out here, and I feel pretty confidant that BP won't give up exploring completely in the gulf regardless so given we're the only rig doing exploration for BP in the Gulf, we're okay for now. Morale is pretty crappy for everyone out here though. It always is during downturns but it makes people lose focus and then they get hurt. |
| Posted by: Silentbrick 2016-01-19 19:42 |
| #3 Unemployment applications are down, disability claims are going up. |
| Posted by: Skidmark 2016-01-19 16:19 |
| #2 But... they keep telling me, we're kicking the saudis' butt... hic! .... yup, sure showed them... hic! |
| Posted by: Thing From Snowy Mountain 2016-01-19 13:22 |
| #1 I know several. And will shortly become one, as my job will be going away, and I will not pursue a replacement. |
| Posted by: Glenmore 2016-01-19 13:02 |