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Economic Conditions and Thoughts

I am a labor economist who prepared the unemployment rate, I was checking with other labor economists about this. Average income has been decreasing. Unemployed are dropping out of the workforce. More workers than ever have multiple jobs needed tp support themselves with. More workers than ever have been exhausting their unemployment benefits and dropping out of the civilian workforce. This is causing the number of unemployed to decline. More workers than ever are being disqualified who are applying for unemployment claims. Fewer workers are applying for initial claims. New entrants and reentrants into workforce as unemployed are declining. New entrants are staying in college longer so they will not have to enter workforce as an unemployed person. The net result out of all of this is that the number of unemployed is declining. as well as the unemployment rate. Would like to have your thoughts and comments about this. It is so easy to mis-state stastics. There is a labor force and workforce. The workforce is based on where you work. The labor force is based on where you live. My biggest fear that Russia is interferring with our ability to vote. More and more people are voting less and less. Our national average age is steadily increasing. The result is that more and more people are retiring and dropping out of the workforce. who were employed. Invaribly, the unemployment rate is decreasing. The number of unskilled jobs is increasing. The number of skilled workers is decreasing. God told me to start using my brain and coming up with something. This is it. Jim Horn

Copyright © | Year Posted 2020




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Book: Shattered Sighs