|
Not going to get into a debate here, but I do want to present some food for thought...
The number of jobs added does not equate to the number of individuals that began working, these are just jobs created that are or need to be filled.
The number of jobs that are needed per month is not to "break even" that number is to keep up with population growth. That still doesn't mean that the people who reach an age to work all enter the job force. Many become stay at home moms, go to school full time, start a business of their own, or make other decisions that make them not part of the job force. This has always been the case.
Jobs are paying less, this is 100% true, but four years ago there were quite a few people, some who are on this board, that I personally had to lay off. Almost every single one of those people have jobs, or have started their own small businesses. Whether they employ any other employees or not, I do not know, but they are working.
The unemployment rate would have dropped below 7% 2 years ago had their been no extension of unemployment benefits at the end of 2010 as part of the congressional deal made to also extend the Bush tax cuts. This too would have been a false drop, but a drop non-the-less.
__________________
No One
|