Quote:
Originally posted by smooth
um, ok, let me explain it for you: unemployment rates have dropped because people stopped looking for work once they realized there weren't any jobs--not because jobs came back on the market.
Not only is that not an "upswing", according to economist Ph.D's, it appears to be a recipe for long-term, economic disaster.
|
Certainly there is a portion of unemployed who have become discouraged and are no longer looking, but this is far from a large segment of the unemployed. As outlined earlier in the thread there are many components to the unemployment figure, pointing to just those that have dropped out of the labor force is naive at best and flat out misleading at worst.
Once again, for those that missed it, the economy is far more complicated than a sound bite mentality allows.