This is an image of the percentage of the labor force that is working every month. I made one change to it though, I added in all the people who are looking for/want work into the labor force, where the government doesn't count them.
We haven't even shown a bottom yet, still going down.
I agree that just looking at unemployment can be misleading. I saw one figure that said including the looking for work people would bump it up to 15%.
Yeah, it's at 15% as of July, up 0.5% since April.
The difference between the official unemployment figure and the real figure, before 2009, was almost always around 3%.
Ever since then, it's been around 7%.
So basically, that 4% of Americans will never be counted unless we change the statistic that we report.
by Arvind Babajee13 months ago
Labor Force Needs to Work With Robots, Not Be Replaced by Them?
by mio cid3 years ago
Income inequality has been growing for decades . Do you consider it a problem ? If so , how would you fix it ?
by Simon Cook4 months ago
How will automation impact the labor force?Technology is rapidly changing. Robots are replacing manual labor. Driverless trucks will replace the need for drivers. Bots will be used in all industries to replace routine...
by karl3 years ago
It seem that the EU is adamant that it will appoint Jean-Claude Juncker as president. He is a federalist who is likely not to encourage any reform but to demand closer ties and centralisation of power. David Cameron is...
by GA Anderson4 years ago
The gist of the new Congressional Budget Office, (CBO), report on the effects of Obamacare on the U.S. economy is that it will cause a reduction in works hours equivalent to about 2 million jobs by 2017.Here is just one...
by Sychophantastic18 months ago
Now that President Obama is wrapping up his second term and is widely regarded as one of the greatest presidents of the United States, a movement is afoot to have him added to Mt. Rushmore. Who's face do you think...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.