Once again, what appears to be good news from the Bureau of Labor Statistics (BLS) does not hold up under scrutiny.
According to the BLS, “Total nonfarm payroll employment rose by 217,000 in May, and the unemployment rate held at 6.3 percent. Employment increased in professional and business services, health care and social assistance, food services, and transportation and warehousing.” Much has been made of the fact that the number of jobs now equals that which existed before the recession hit. A more thorough examination reveals a sharply different picture.
An analysis by Rep. David Camp, notes that “seven out of eight new employees under President Obama have been part-time employees.”
The Economic Policy Institute ntes that “young college graduates face an unemployment rate of 8.5%, compared with 5.5% in 2007, and an underemployment rate of 16.8%, compared with 9.6% in 2007.” Many of those grads who are working are in positions that don’t require degrees.
Basically buy cialis soft phosphodiesterase type 5 broke the cyclic GMP. Wild Hyssop and Rosemary are also popular natural health remedies of tinnitus. purchase viagra cute-n-tiny.com It is a kind of exercise that improves both our mental as well as physical health. viagra uk cheap cute-n-tiny.com order cialis online Kamagra help such man saving their marital life by continuing their love-life.
2013 saw a record high number of U.S. workers on disability. The number of long-term unemployed continues to be an unresolved crisis. These displaced workers count for 37.7% of all unemployed.
The labor force participation rate continues to drop precipitously. In the past year alone, it has dwindled from 63.4% to 62.8%, a 36 year low.
The replacement of quality, career-level positions with part-time jobs may appear statistically equal, but the reality is far different. Statistics which ignore the labor force participation rate and the quality of positions available are not an effective barometer of the true employment outlook.