WASHINGTON – Lack of confidence in the economic recovery led employers to shed a more-than-expected 85,000 net jobs in December even as the unemployment rate held at 10 percent. The rate would have been higher if more people had been looking for work instead of leaving the labor force because they can't find jobs.
The sharp drop in the work force — 661,000 fewer people — showed that more of the jobless are giving up. Once people stop looking for jobs, they're no longer counted among the unemployed.
When discouraged workers and part-time workers who would prefer full-time jobs are included, the so-called "underemployment" rate in December rose to 17.3 percent, from 17.2 percent in November. That's just below a revised figure of 17.4 percent in October, the highest on records dating from 1994.
Asked by Anonymous at 1:35 PM on Jan. 8, 2010 in Politics & Current Events
Answer by Anonymous at 2:54 PM on Jan. 8, 2010
When discouraged workers and part-time workers who would prefer full-time jobs are included, the so-called "underemployment" rate in December rose to 17.3 percent
I find this incredibly depressing.
Answer by Anonymous at 1:37 PM on Jan. 8, 2010
Answer by sweet-a-kins at 1:38 PM on Jan. 8, 2010
Answer by RutterMama at 1:44 PM on Jan. 8, 2010
Answer by mancosmomma at 1:48 PM on Jan. 8, 2010
We pay our elected officials to work for us, and job creation needs to be at the top of their list. If it isn't, many of them will be unemployed soon as well
It isn't their job to create jobs
Answer by Anonymous at 1:56 PM on Jan. 8, 2010
Answer by Anonymous at 2:00 PM on Jan. 8, 2010
"It isn't their job to create jobs"
So Obama lied when he said the stimulus money was to stimulate the economy, and help create and save jobs?
Answer by mancosmomma at 2:33 PM on Jan. 8, 2010
Sure, the economy is getting better. Tell that to the 85,000 people who just lost their jobs.
Answer by Anonymous at 2:35 PM on Jan. 8, 2010
Hey, but we just committed more troops and $$$$$ to the Middle East. There's some ppl who are working. Too bad we can't focus on the this country and infrastructure here.
Answer by Sisteract at 3:21 PM on Jan. 8, 2010