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 middle class destruction train is moving full steam ahead if we are to examine Census figures closely. And the American male has a first-class ticket on this express train to wage destruction. According to the recently released Census figures full-time working males are earning less than they did in 1973 adjusting for inflation. Purchasing […]
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 […]
Top 4 employment sectors in the United States pay $10 an hour or less: The uneven recovery being led by low wage labor.
It is hard to believe but we are now “officially” six years into this recovery. For most Americans, it doesn’t feel anything like a recovery and that label appears to be a misnomer. Americans need only look at their paychecks and the cost of living to realize that yes, things are getting tougher. There appears […]
The low wage employment tsunami: Low wage jobs now make up 25 percent of all employment in the United States.
The employment report continues to provide deceptive bread and circus fodder for the mainstream press. Never is any thorough analysis given to the 93+ million Americans that are now part of the “not in the labor force” category. In large part, we have a low unemployment rate because this massive army of Americans is simply […]
34 percent of Americans financially carry the country: Those not in the labor force hits another record at 93,194,000.
The unemployment rate is calculated by those in what is deemed the labor force. With the unemployment rate dropping you would think that somehow, we’d be back in a glorious economy where everyone was financially moving up. That is definitely not the case. Every single day we have 11,000 Americans hitting 65 years of age […]
Record 93.2 million Americans now not in the labor force: The not in the labor force rebound added 277,000 Americans in March alone.
In the last year alone we have added 2.1 million Americans to the “not in the labor force” category. This mysterious category continues to grow and is having a field day with the employment data. It is hard to ignore this number because it represents a large portion of our population that is simply not […]