Jobs Jobs Jobs
5

What Happened To The Jobs?

Why is the unemployment rate staying relatively level (actually, a little bit "down") at 6.7%? That's because there is a shrinking pool of people who consider themselves workers. Almost 100 million Americans aren't in the workforce.

People Not In Labor Force Soar To Record 91.8 Million; Participation Rate Plunges To 1978 Levels http://t.co/pgrHr9k1SR

— zerohedge (@zerohedge) January 10, 2014

And who's in the labor force but not working? Well, one way to slice that is by education level. (You can also slice it by race, which provides equally disturbing numbers.)

Unemployment by education: No HS diploma (9.8%), high school graduates (7.1%), some college (6.1%), college or more [...]

20

Welcome Back, Economic Disaster!

The number of long-term unemployed (those jobless for 27 weeks and over) rose from 5.1 to 5.4 million in May.

— James Pethokoukis (@JimPethokoukis) June 1, 2012

The image being used on Business Insider to describe today's jobs numbers is of stuff blowing up. "The yield on the benchmark on the 10-year Treasury note plunged to 1.46 percent, the lowest on record." The U-6 (total unemployed, plus marginally attached, plus people forced into part-time work, as percent of labor force) is down from a year ago but up from last month, just under 15%. But here's the long view on jobs; here's [...]