The Headlines Reported: 146,000 Jobs Were Added In November
What Nobody is Paying Attention To:
1. The Labor Department said Hurricane Sandy did not affect November results – surely that is a second act of nature on the area.
2. 350,000 workers dropped off he radar in November – they stopped looking for work.
3. The Wall Street Journal reported the share of available labor force which is working fell to 63.2% down from 65.7% in June of 2009 when it is reported the recession ended. (Are you like me and missed the memo where the recession has ended.) Two thirds of the available work force are working!! This is the lowest level since 1981.
The WSJ republished the summary of a report by Economist Casey Mulligan of the University of Chicago, that the huge increase in government benefits for not working – food stamps, disability payments, and unemployment insurance are increasing the incentives not to work. “Welfare payments that redistribute income from workers to non workers now exceed a trillion dollars a year!”
To the liberals who think raising taxes will solve this problem, please comment below and tell us how.
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|Steve Pohlit is a CPA,MBA and has been the CFO of several major domestic and international companies. Today Steve is an expert business consultant focused on helping companies improve their business performance including growing profits, revenues and customers. For a FREE 6 week mini course where you will receive 10 easy to implement action steps guaranteed to increase business revenue and profits by at least 30% in the next 90 days, please visit www.StevePohlit.com All articles published by Steve unless specifically restricted may be freely published with this resource information.|