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 [...]
"A medical testing company called Quest Diagnostics analyzed decades worth of drug tests – about 125 million of them – and found that only 3.6-percent came back positive for cocaine and marijuana. That’s down from more 13-percent in 1988. Seems like a good trend. But there were some exceptions beginning with prescription drugs. Positive tests for Vicodin and Oxycontin were up sharply over the past few years. And researchers warn the lower rates of pot and cocaine use could also be due to the fact that more people are beating the tests."
How white is your job? CEO white? Carpenter white? Veterinarian white? The answer may surprise you, if you are completely unobservant.
My birthday is coming up in a couple of days and I'm turning 25. Ever since I was young, 25 was the big year. The year I thought you become an adult, have your life figured out and making your way through an impressive list of accomplishment. Life hasn't shaken out for me in that way.
I come from an abusive family. When I was younger, I chalked it up to cultural differences. My parents are conservative and traditional minded parents. They favor boys more. I am a girl. So when my brother was born, 9 years after me, I became no longer worthy of love. I [...]
How is 7.7% unemployment considered good news? When it's a little less than 7.9%, and people with money are ready to find good news wherever they look.
The housing markets are booming, where the rich people live. The stock markets haven't gone so high since Dick Cheney was in the White House—except for the NASDAQ, which still hasn't recovered completely from the dot-com bust of 2000, even though the tech companies are doing pretty well and NASDAQ stocks are at a 12-year high. Monthly rents in San Francisco now average $2,700 for a one-bedroom apartment. New car sales are back to pre-recession numbers.
And 12 million working-age Americans [...]
Have you been out of the workplace for two or more years? Perhaps because you were laid off by a financial service company, such as Goldman Sachs, who had repeated layoffs of thousands of employees, for a bit of free—and, with the exception of one harrowing quarter, unnecessary—cash to have handy in the recent financial crisis? Good news! The Goldman Sachs Returnship® Program (yes) is offering ten-week paid internships for people just like you, those were cast out of the workplace as dead weight to appease the bottom line (sorry, who took an "extended career break"). Goldman Sachs is "committed to help facilitate the on-ramping process"! Some of these [...]