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The Good And The Not- So-Good News About US Jobs In One Chart

Tyler Durden's picture




 

Is the US worker's cup half full, or half empty?

 

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Fri, 06/06/2014 - 09:00 | 4829611 kashey
kashey's picture

there has not been any articles here on

 

 Ukrainian fascist government which bombs civilians in Lugansk (eastern Ukraine) with support of usa and eu , so I decided to post this video here. it's results of Ukrainian air strike on Lugansk city administration. be aware - very graphic, a lot of blood http://da-dzi.livejournal.com/242675.html

 

i hope this video will be posted as a separate article by modertors. it eserves it. I live in Moscow, my wife's relatives from Lugansk right now are trying to flee to us and I hope they will be safe. And now it is my personal responsibility to stop obamafascists from ruling the world.

Fri, 06/06/2014 - 09:01 | 4829615 thisisjustarand...
thisisjustarandomusernameicreatedforzerohedge's picture

gtfo ukraine then

speaking as the son of a polish ukrainian from the west but fought for the soviets 

the generalizations about facists in the west and commies in the east are both retarded

and you're all idiots

and no matter if the EU or RU win, ukraine will lose. you're all puppets. congrats. 

Fri, 06/06/2014 - 09:18 | 4829647 philipat
philipat's picture

Hmmm, was this chart intended to look like a French flag, or was that just accidental? Alors..

Perhaps when Obamacare folds into a Single payer State system and the US economy is then around 70% under State control, compared to France at around 63%, the reasons might be more obvious.........

Fri, 06/06/2014 - 10:33 | 4829933 Mark Carney
Mark Carney's picture

Your New Normal:  Spanish 10Yr yield is only 7bpts higher then USA 10 yr.

 

All fixed!

Fri, 06/06/2014 - 10:44 | 4829968 AGuy
AGuy's picture

A thought about the EUs NIRP occured to me. Would EU banks buy US treasuries in order to park money instead of investing it in loans? I think NIRP may just lead to rising rates in the EU soon and plummeting US 10Yr.

 

 

 

 

Fri, 06/06/2014 - 10:46 | 4829975 overmedicatedun...
overmedicatedundersexed's picture

re post:today most generic drugs are produced in India for the ameerican market, co's free of oversight and paying lip service to GMP and FDA regs, with no tariff costs - in low wage India some how some way put Ameerican co's out of business (walmart owns it's own generic co in India)..thousands of good paying jobs gone..and I am sure this is repeated over and over in other industry..treason and terrorism by our own .gov and elite multi nationals, but none say treason.

Fri, 06/06/2014 - 09:14 | 4829664 kashey
kashey's picture

Well, if you like it, you may call

0

western Ukrainian not fascists but just war criminals who do not deserve being a state. Ukrainians are too stupid to make their state survive - they are too corrupt (but blame Russians) and too barbaric and intolerant to minorities to manage to keep the country united. Ukrainians are now destroying their country, every such war crime creates thousands of vokunteers to fight fascists in Kiev.

Fri, 06/06/2014 - 09:58 | 4829811 MFL8240
MFL8240's picture

Ever lived there?  I have and your a idiot you know nothing about what you say!

Fri, 06/06/2014 - 10:28 | 4829915 sessinpo
sessinpo's picture

thisisjustarand...     you're all idiots

and no matter if the EU or RU win, ukraine will lose. you're all puppets. congrats.

---

Down arrow. You call us idiots when you are also a puppet?

Fri, 06/06/2014 - 09:03 | 4829619 outamyeffinway
outamyeffinway's picture

I had a full time job as of Monday. It's now 32 hours. Me and two others.

Fri, 06/06/2014 - 09:07 | 4829641 I am more equal...
I am more equal than others's picture

 

 

Blame obamacare,Obama and democrats.

By the way, you are freer now to pursue your dreams.....or find the best soup kitchen.

 

Seriously, sorry for your loss. 

Fri, 06/06/2014 - 09:07 | 4829644 Hippocratic Oaf
Hippocratic Oaf's picture

Sorry to hear that.

Next week it will be 29 unfortunatly.

Fri, 06/06/2014 - 13:59 | 4830649 Gunga
Gunga's picture

Our elected representatives think now is the time to give illegal aliens amnesty and to loosen border controls.

Fri, 06/06/2014 - 10:34 | 4829937 post turtle saver
post turtle saver's picture

today marks the 70th anniversary of the invasion of Normandy by Allied forces during WW2... June 6, 1944

Fri, 06/06/2014 - 11:25 | 4830132 l8apex
l8apex's picture

kashey - while I'm sympathetic to what you're saying, you're an idiot.  There have been multiple articles on ZH about the Ukraine situation, including articles specific to the bombing in Lugansk...

Fri, 06/06/2014 - 12:15 | 4830291 rubiconsolutions
rubiconsolutions's picture

I'd be curious to know that of those employed either full or part time how many are government workers. And by that I mean every government worker - federal, state, local. Also, how many are government contractors? Because those people aren't producers but rather consumers. Consumers of largesse stolen from the others. In my opinion government workers - including the military - should be considered non producers. They aren't really employed in the real sense of the word but rather recipients of stolen money. 

Fri, 06/06/2014 - 09:01 | 4829614 Seasmoke
Seasmoke's picture

118 paying for 127.......they are going to have to row much harder !!

Fri, 06/06/2014 - 09:05 | 4829635 Whoa Dammit
Whoa Dammit's picture

It's even less than 118 million paying for 127 million since government workers and government contractors are part of the 118.

Fri, 06/06/2014 - 09:17 | 4829669 Pool Shark
Pool Shark's picture

 

 

It's even less than that since the 118 million are paying for retirees, students, and all the other 220 million who aren't working.

 

Fri, 06/06/2014 - 09:23 | 4829689 spine001
spine001's picture

Where are all the military, military contractors and defense industry supply chain counted on the charts? if it's part of the 118, there are very, but very few really producing for the ~200, aren't they?

Fri, 06/06/2014 - 09:34 | 4829732 Leopold B. Scotch
Leopold B. Scotch's picture

How  many people are engaged in false work that nobody would actually voluntarily pay for if it were not forced upon them by the government / regulation? 

Consider Tax Code complexity, and the $ billions wasted in the "private sector" paying for tax attorneys, CPA, Qualified Plan compliance companies, etc., producing compliance work that contributes absolutely nothing to improving the standard of living of citizens, but rather exists parasitically on the real productive / producing class.

Add up all the arbitrary compliance costs around the neck of the real economy, and you realize that that 118 million is far lower, on top of all the aforementioned other items contained therein - government workers, contractors, military, etc.

This economy is doomed by parasitism.

Fri, 06/06/2014 - 11:07 | 4830054 Cathartes Aura
Cathartes Aura's picture

aye, Terry Gilliam's a see-er. . .

Harry Tuttle: Listen, this old system of yours could be on fire and I couldn't even turn on the kitchen tap without filling out a 27b/6... Bloody paperwork.

Fri, 06/06/2014 - 13:51 | 4830623 Leopold B. Scotch
Leopold B. Scotch's picture

"... This Is Your Receipt for Your Husband and This Is My Receipt for Your Receipt:."

Fri, 06/06/2014 - 09:35 | 4829735 BrosephStiglitz
BrosephStiglitz's picture

I believe military personnel are excluded from the workforce when calculating employment.

Fri, 06/06/2014 - 09:29 | 4829710 Leopold B. Scotch
Leopold B. Scotch's picture

It should be understood far and wide that the fastest growing demographic of 1%'ers is in the Greater Washington D.C. Metro Area.

Fri, 06/06/2014 - 10:20 | 4829887 Stuck on Zero
Stuck on Zero's picture

I believe that there are now 129 million people working for intelligence and spying on the 118 million to make sure they are working hard.

 

Fri, 06/06/2014 - 10:29 | 4829917 Eyeroller
Eyeroller's picture

Why can't they just print rower's out of thin air?

Problem solved.

 

Fri, 06/06/2014 - 11:22 | 4830126 PT
PT's picture

I like Max Keiser's idea:  A banking licence only costs 500 bucks!  All the unemployed people should borrow 500 bucks and become bankers.  It's a licence to legally steal money!

Actually, today I thought of something similar:  All unemployed people should become politicians.  Then they can get paid directly by the corporations and banks that put them out of work.  Let's see the banks and corps buy, I mean "donate campaign contributions to"  130 million congress votes! err, something like that.

Fri, 06/06/2014 - 09:03 | 4829618 thisisjustarand...
thisisjustarandomusernameicreatedforzerohedge's picture

I like to think of "Not In The Labour Force" as "Less Competition For Those Who Want To Work" =/ bullish?

Fri, 06/06/2014 - 11:25 | 4830134 PT
PT's picture

I agree.  Plenty of people want to work but can't.  Let the bums go surfing.  It's less damage for everyone.  Just make sure that work pays more than the dole.

Fri, 06/06/2014 - 09:03 | 4829620 alien-IQ
alien-IQ's picture

Half full or half empty? Well, I guess it depends of whether you are pouring or drinking doesn't it?

Fri, 06/06/2014 - 09:08 | 4829651 Oldwood
Oldwood's picture

The glass only looks half full. Actually the glass is largely full of rocks, displacing the liquid's volume to simulate a half full glass. If we keep sipping from this glass we will soon find our mouth full of rocks.

Modern employment calculations are based on a recipe for stone soup.

Fri, 06/06/2014 - 10:58 | 4830014 boattrash
boattrash's picture

Optimist sees glass half full, pessimist sees glass half empty, realist sees glass twice as big as it needs to be. Deport worthless, tit-sucking, Govt workers to Liberia.

Fri, 06/06/2014 - 14:02 | 4830657 exi1ed0ne
exi1ed0ne's picture

A revolutionary wonders who the hell stole 1/2 of the drink out of their glass and then goes and takes it back.

Fri, 06/06/2014 - 14:11 | 4830690 MisterMousePotato
MisterMousePotato's picture

Actually, technically speaking, a glass is always full. Might be half full of liquid and half full of air, or even entirely full of air, etc.

Even in space, on could make the argument that the glass is full of vacuum, but that's probably just me trying to be clever.

Fri, 06/06/2014 - 09:03 | 4829621 buzzsaw99
buzzsaw99's picture

but, but, i heard there's no slack in the eCONoME

Fri, 06/06/2014 - 09:05 | 4829632 Dr. Engali
Dr. Engali's picture

The good news is that I no longer care. The bad news is... I no
longer care. It is what it isn't and I'll just keep BTFD.

Fri, 06/06/2014 - 09:27 | 4829698 Oldwood
Oldwood's picture

Maybe that has been the goal all along

Fri, 06/06/2014 - 10:07 | 4829839 gmrpeabody
gmrpeabody's picture

To BTFD you mean?

Fri, 06/06/2014 - 10:11 | 4829857 Oldwood
Oldwood's picture

All of it. They need apathetic buyers of everything.

Fri, 06/06/2014 - 09:06 | 4829636 RabbitOne
RabbitOne's picture

Sounds like welfare pays better...

Fri, 06/06/2014 - 09:38 | 4829742 Leopold B. Scotch
Leopold B. Scotch's picture

What pays is elegent parasitism.  Those making the real dough do so without the consent of those who they fleece.  Wall Street makes its $billions by the Fed Cartel leeching wealth out of thin air via the monetary expansion / legalized counterfeiting apparatus.   Government loots.  Contractors are at the trough.  Compliance experts with fancy Esq, CPA, etc. designations help plant the minefield via lobbing and then sell the maps to guide you through.  It's a looters paradise.  All very sophisticated compared to highway bandits, but in spirit really no different,.

Fri, 06/06/2014 - 11:10 | 4830066 Cathartes Aura
Cathartes Aura's picture

parasite pyramid scheme.

Fri, 06/06/2014 - 11:48 | 4830208 sessinpo
sessinpo's picture

RabbitOne    Sounds like welfare pays better...

----

You got to fatten the goose before you slaughter it.

Fri, 06/06/2014 - 09:07 | 4829642 asking4it2k
asking4it2k's picture

Kick out the 11 million illegal immigrants in the US and their will be MORE jobs available.

Kick out the illegals and hire high school kids like they used to for those low skill jobs. With a $10.10 minimum wage, they will take it

Fri, 06/06/2014 - 09:12 | 4829659 Oldwood
Oldwood's picture

If it were only that simple. Unfortunately people have been indoctrinated to believe they are too good for such work. It really wasn't a hard sell.

Fri, 06/06/2014 - 10:10 | 4829853 gmrpeabody
gmrpeabody's picture

Spot on Mr. Wood..., I don't know too many young kids who CAN work, let alone want to.

Fri, 06/06/2014 - 10:13 | 4829870 Oldwood
Oldwood's picture

The next executive signing order will be extending child labor laws to the age of 26. Isn't that the official age of financial responsibility now? Seriously...

Fri, 06/06/2014 - 10:42 | 4829960 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

Maybe it's time to review the sentencing guidelines for juveniles as well, no sense ruining a 25 year old's future with a plead down assault charge when all they were doing was exploring their universe like all children do..

Fri, 06/06/2014 - 11:14 | 4830089 Cathartes Aura
Cathartes Aura's picture

do what?

maybe if the "25-yr old" wasn't coddled into adulthood with

excuses for their behaviour, and the subsequent impact,

  exploring their universe like all children do..

and actually expected to ACT like an "adult" - then the systems that parasite off them like for-profit prisons

might just wither away.

Fri, 06/06/2014 - 10:53 | 4829998 AGuy
AGuy's picture

Worse, news of the pending Amesty Bill has reached latin America and the trickle or illegals crossing is now a flood as they all rush to be inside the USA when the bill passes. At this rate, half of latin America will all be moving to the USA to become Americans.

THINK FORWARD!

 

 

Fri, 06/06/2014 - 13:38 | 4830591 sandiegoman
sandiegoman's picture

Yeah, thats about right. I see all of these unemployed kids looking to pick crops our here in California. I also see them standing in line waiting to work in the restaurant back rooms. Seriously, what planet are you from? The sad truth is that these kids don't want these jobs. I also doubt that many kids would work in a meat packing plant in nebraska for $10.10. Quit blaming the immigrants.Thinking that high school kids will fill that vacuum is just fantasy.

Fri, 06/06/2014 - 13:38 | 4830592 sandiegoman
sandiegoman's picture

Yeah, thats about right. I see all of these unemployed kids looking to pick crops our here in California. I also see them standing in line waiting to work in the restaurant back rooms. Seriously, what planet are you from? The sad truth is that these kids don't want these jobs. I also doubt that many kids would work in a meat packing plant in nebraska for $10.10. Quit blaming the immigrants.Thinking that high school kids will fill that vacuum is just fantasy.

Fri, 06/06/2014 - 09:11 | 4829655 madcows
madcows's picture

So, we've "recovered" all the jobs lost during the depression.... but the UE rate is still 6.3%.  Oh, and all those recovered jobs were recovered in the low paying, part time, service sector.  Awesome.  Way to go Obamao/FED.  You've got everyone working part time for Walmart.  FORWARD!

Fri, 06/06/2014 - 09:30 | 4829713 Oldwood
Oldwood's picture

France?

The goal is 100% employment with labor resources "spread around" like our wealth. Make the expectation of a full time job 30 hours (or less) and punish the shit our of anyone foolish enough to try and work overtime through a nice "progressive tax system".

Fri, 06/06/2014 - 09:12 | 4829658 SheepDog-One
SheepDog-One's picture

All just B.S. obviously. Anyway, heres what confuses me about the Dr. Copper drop, if a bunch of copper was suddenly missing wouldn't that mean there's less copper and so the price would be up and not going down like it is?

Fri, 06/06/2014 - 09:13 | 4829662 BeetleBailey
BeetleBailey's picture

REVERSE OSMOSIS for Doctor Copper....see...gold and silver for clues....

Fri, 06/06/2014 - 09:30 | 4829703 SokPOTUS
SokPOTUS's picture

That would be correct in the real world.  But since no one actually holds the physical copper (in this case, literally); but holds paper contracts representing such copper...now that the copper has been exposed as being fictitious copper; the contract value has dropped, as paper copper (bag) holders sell off their positions due to the lack of confidence that there is any underlying asset.

An asset backed security is worth $0.00 when there is no asset at all.

 

Fri, 06/06/2014 - 09:44 | 4829761 SheepDog-One
SheepDog-One's picture

OK, but I thought in this case it was a warehouse with physical copper and aluminum in it? 'I didnt think this was just paper contracts.

Fri, 06/06/2014 - 10:00 | 4829814 Dr. Engali
Dr. Engali's picture

Here is the deal on copper. If I have 10 tons of copper and then I use that copper as collateral for 10 different loans, I have enough "money" to account for 100 tons. However once that money is spent there is still only 10 tons of metal. A bunch of paper claims just went worthless on that metal because I defaulted. Since I don't have any money I can't go out and buy the 100 tons to satisfy those claims because I don't have any money. This is why debt destruction in a debt based fiat system is a deflationary event. It takes "money" out of the system.

Fri, 06/06/2014 - 10:04 | 4829830 SokPOTUS
SokPOTUS's picture

Thanks, Doc.  Your were far more concise and beat me to it.

Fri, 06/06/2014 - 11:55 | 4830223 sessinpo
sessinpo's picture

SokPOTUS    Thanks, Doc. Your were far more concise and beat me to it.

---

Very good. The point is deflationary and what happened in 1929? Most commodities fell including copper and other metals such as gold.

Fri, 06/06/2014 - 10:02 | 4829826 SokPOTUS
SokPOTUS's picture

It really is just paper contracts.  The same warehouse receipt was used as collateral at numerous banks at the same time.

Let's say one truckload with 20 tons of copper came into the warehouse; generating just one 20 ton warehouse receipt, with just one bill of lading underlying it for just the same 20 tons, just one time.  Then that warehouse receipt was then used across, say, 10 banks to collateralize a full loan against all 20 tons.

The warehouse actually has the 20 tons of copper.  Each bank can audit the 20 ton stockpile to verify that "their" copper collateral exists, by taking a physical inventory.  However, there are not 200 tons there (20 tons each for 10 different banks).  What happens if two of the banks show up on the same morning to count "their" 20 tons of collateralized copper?

Oops.

"This has resulted in a prompt and acute selloff of copper and other commodities as we further documents (sic), but the problems may only now be starting and the banks, those which stand to lose the most if their "collateral" is uncovered to have never existed, are finally getting involved."

http://www.zerohedge.com/news/2014-06-05/chinas-missing-commodity-scandal-spreads-banks-fear-fallout-rehypothecated-funding-d

 

Fri, 06/06/2014 - 09:32 | 4829720 SofaPapa
SofaPapa's picture

I had that same thought, but then realized: there were three Brooklyn Bridges for sale; then a rumor floats that there might actually be no bridge for sale at all; what happens to the price?  People will not buy a commodity if they do not have confidence in delivery.

edit: sokPOTUS beat me to it.

Fri, 06/06/2014 - 09:13 | 4829661 wcvarones
wcvarones's picture

52% empty!

Fri, 06/06/2014 - 09:15 | 4829666 silentboom
silentboom's picture

Let's look at it as positively as we can and assume that those not in the workforce are either students going into massive debt or elderly who have died in their homes and have not yet been found.

Fri, 06/06/2014 - 09:48 | 4829775 Manbeast Wangdango
Manbeast Wangdango's picture

hmm...well i'm not in the first group, so that must mean.....uh-oh

Fri, 06/06/2014 - 09:14 | 4829667 CheapBastard
CheapBastard's picture

"Yes we can!"

Fri, 06/06/2014 - 09:20 | 4829676 viator
viator's picture

Those 118.7 million better get to work and pay more taxes, they have a lot of people to support. Maybe they should get a second job?

Fri, 06/06/2014 - 09:21 | 4829678 SokPOTUS
SokPOTUS's picture

Oh, the Cup is half full, alright.  It's just that it's half full of hemlock.

Fri, 06/06/2014 - 09:22 | 4829687 yogibear
yogibear's picture

Have to keep the BS rolling. November and the elections are coming. No bad news or number until after November.

Obama can boast about low unemployment during the summer campaigns.

Fri, 06/06/2014 - 09:23 | 4829692 Oldwood
Oldwood's picture

The modern theme that everything depends on is hurrah for me and fuck everyone else.

If I have a job, if I'm making my payments, then why should I give a fuck about anyone else? As with everything else, we can look at statistics showing us imminent doom and just assume it still doesn't apply to us, right.

Those of us trying to predict futures based on facts, history and human nature are doomers, just trying to be a joykill. I used to think the problem was information, or lack there of, but now I realize most do not want this information. Just keep putting that lipstick on the big fat pig and the majority of folks are happy.

Everyone knows in the gut that this pig ain't going to fly much further, but what most hope for is the end comes with little or no warning, even if that means they must deliberately keep their head well  into the sand pile.

Fri, 06/06/2014 - 10:47 | 4829979 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

It's all fun and games until the music stops, same thing with a bike with no brakes.

Fri, 06/06/2014 - 09:29 | 4829709 Cattender
Cattender's picture

it's a Recovery.. it's a Recovery.. it's a Recovery.. Its Fucking Recovery Damn It!!!!!!!!! (believe it yet?)

Fri, 06/06/2014 - 09:32 | 4829724 Oldwood
Oldwood's picture

Sure, I get it. Just like my alcohlic brother in law is in recovery, until maybe this evening when he has to crush his brain one more time.

Fri, 06/06/2014 - 09:30 | 4829711 the not so migh...
the not so mighty maximiza's picture

its not a cup, its a beggers pan

Fri, 06/06/2014 - 09:30 | 4829714 Sudden Debt
Sudden Debt's picture

Well, look at it from a different perspective.

It's a glass of beer.

Is it half full? Or half Empty?

I DON'T GIVE A SHIT BUT I DO KNOW IT'S TIME TO REORDER!!!

Fri, 06/06/2014 - 09:30 | 4829716 Kina
Kina's picture

You can see why they are turning police into paramilitary and taking up drones for domestic policing.

 

They knew from a long time out that this was going to be the result and that they would have to go Mussolini to keep things under control.

 

They bailed out banks, printed trillions....to allow the elite and oligarchs buy up America and toss the majority of the public int servitude. Bring on feudalism in a new disguise.

 

Fri, 06/06/2014 - 09:36 | 4829739 Oldwood
Oldwood's picture

It doesn't matter. The only thing that is important is the belief that we are HAPPY. All that can be done through informational control and the demonization of any who appear to not be HAPPY. So smile, don't worry, be HAPPY.

Fri, 06/06/2014 - 11:08 | 4830057 dontgoforit
dontgoforit's picture

I'm freakin' delerious.

Fri, 06/06/2014 - 09:53 | 4829792 Oldwood
Oldwood's picture

Tyranny IS utopia.

Simply outlaw unhappiness. What could be simpler?

Fri, 06/06/2014 - 11:26 | 4830136 Cathartes Aura
Cathartes Aura's picture

no need to make laws even, when the culture-police, on their mind-numb & dumb pharma, socially approved, will shame anyone not doubleplus HAPPY in the new normal. . .

Fri, 06/06/2014 - 10:14 | 4829871 NoTTD
Fri, 06/06/2014 - 09:34 | 4829731 Kina
Kina's picture

So are these ever new highs on the market not trading traders....but Oligarchs using free money to buy ownership of every American corporation.

Fri, 06/06/2014 - 09:59 | 4829817 MFL8240
MFL8240's picture

American goverment continues the lies and the media helps with their propoganda.  This jobs report and this economy is a disater and you fool no one in the know.

Fri, 06/06/2014 - 10:03 | 4829827 novictim
novictim's picture

A THREE-PERCENT unemployment rate has been considerd the normal and Healthy.

 

Now we are supposed to believe a healthy rate of unemployment is much higher than that.  

Fri, 06/06/2014 - 10:13 | 4829869 NoTTD
NoTTD's picture

The Workers' cup is always full in Soviet USA!

 

It's just half full of air.

Fri, 06/06/2014 - 10:18 | 4829882 vyeung
vyeung's picture

More food for the Gestapo.

Fri, 06/06/2014 - 10:26 | 4829906 Eahudimac
Eahudimac's picture

Most people have no idea what is occurring. Why is there a militarization build-up of the police when people are too ignorant to revolt? Living in debt and stuggling to make ends meet is just how it is and no one questions it. The voters might get mad for a few minutes about bank bail-outs and loss of jobs, but then assume that the system, its ruling ologarchs and their political party's politicians, as opposed to the other political party's politicians, will come to the rescue. 

I've given up hope that the financial system will somehow correct itself by means of a crash or people wising up to the corruption and demanding accountability and justice. I think the people that run this system have achieved the right combination of market manipulation, bribery, propaganda, ignorant citizenry, fear and control. The new world order is here. Welcome to the new dark ages.  

Fri, 06/06/2014 - 10:35 | 4829942 insanelysane
insanelysane's picture

With half the people rowing and bailing and the other half watching, what could go wrong.

Fri, 06/06/2014 - 10:52 | 4829993 headhunt
headhunt's picture

Does this include the people who are no longer 'job locked'?

Pelosi - March 11, 2010

"Think of an economy where people could be an artist or a photographer or a writer without worrying about keeping their day job in order to have health insurance or that people could start a business and be entrepreneurial and take risk, but not job loss because of a child with asthma or someone in the family is bipolar—you name it, any condition—is job locking."

Fri, 06/06/2014 - 10:55 | 4830005 AlchemyFinancial
AlchemyFinancial's picture

And like clockwork, gold GETS clocked.  A trend change grows very near for gold.  Watch the GDXJ like a hawk for the oppertunity of a lifetime.  http://alchemyfinancials.blogspot.com/2014/06/simple-trading-method-for-...

Fri, 06/06/2014 - 11:23 | 4830123 I Write Code
I Write Code's picture

Mark about 20 million on the "employed" stack who are making at least 20% less in real terms, than before 2008.  Mark another 70 million who are making virtually the same, no real increase in that time.  Mark another 30 million or so as public sector employees.  Have a nice day.

Fri, 06/06/2014 - 11:35 | 4830167 mcgoverntm
mcgoverntm's picture

As shown, the chart isn't very useful.  It would be useful if it also showed those data points from a prior time in the "old" normal, and included the working age population for each time period.

Fri, 06/06/2014 - 14:40 | 4830780 Battlecom1
Battlecom1's picture

Stop blaming the disenfranchised youth of your country.  As a 20 something year old Navy vet, I work 3 jobs at or near min wage.  I work hard, and many like me do the same.  Employers work us to the point of quiting or we are fired.  I don't mind working for min wage so as long as my hard work pays off in the end by opening the door to better positions and higher pay.  This is simply not the case right now.  Most employers either cannot afford to pay more then min wage or just do so because its an employers market and they can get away with it.  I cannot afford my own place, a nice car, or take on any bills.  Im currently doing work that requires high technical skill...and still make far less then I should.

 

America's youth are not lazy, were biding our time, but if we continue to be marginalized, stand by for heavy rolls.

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