June 02, 2012
So Here's My Question
In a column describing how the Obama economy is Built to Stall, Wall Street Journal editors noted a minor uptick in the size of the labor market last month.
The rare good news is that the overall labor market expanded with 642,000 new entrants, and the labor force participation rate rose to 63.8% from 63.6% in April. This means that more workers have re-entered the job market, perhaps because they believe they can find a job or because their 99 weeks of jobless benefits have finally run out. The bad news is that 63.8% is still about two percentage points—about three million fewer workers—below the modern norm.
By extending jobless benefits, have politicians artificially improved the unemployment rate over these last few years? Neat trick.
Posted by Tom Bowler at 08:20 AM | Permalink
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But just think of all the home "borrowers" mortgages, and allegedly non-"forgivable" student loans that were paid down with that extended Social Safety Net.
I see that cell phone "app" sales are up.
ASSUMING that they will become one of the actual taxpayer "class", how many hours of labor is an American born TODAY due to perform to pay their "fair share" of JUST the gub'mint deficit? How many for the forecast by the time they're hypothetically ONE SECOND after basic high school? How big will the bill, "electronically stapled" to their college graduation diploma, be 23-28 years from now?
How much will a latte cost? Fuels adulterated with "corn sweetener? An election campaign? A Legislative proposal? An Executive "edict"? A Judicial interpretation fee?
Posted by: CaptDMO | Jun 3, 2012 1:19:29 PM