Friday, December 30, 2011

"Where Are the 6 Million?"

A few interesting insights into the unemployment rate which oddly will increase as the economy improves. 

From the Atlantic...
One of the unanswered mysteries about the economy today isn't just where the jobs are, but where the drop-outs are. Those "drop-outs" are the 6 million would-be workers who are not counted in the labor force because they've stopped actively seeking more work, even if they're very much hoping for more work.  
If they counted toward unemployment, the official rate would be 11 percent rather than 8.6 percent. As the economy picks up, and these people re-join the job hunt, the unemployment rate will go up before it goes down. 
Who are the 6 million?

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