Do not make the mistake of thinking that because my conclusion is the same as another person's that my reasoning is the same
Workers Who Feel Discarded
Bob Herbert, NY Times
Among the many things overshadowed by the war is the substantial human toll that is quietly being taken by the faltering U.S. economy. Putting Americans to work is not part of the agenda of the Bush administration, and the fallout from this lack of interest is spreading big time.
The U.S. is hemorrhaging jobs. On Friday the government reported that 108,000 more jobs were lost in March. Some 2.4 million jobs have vanished since the nation's payrolls peaked two years ago.
The jobless rate held steady at 5.8 percent last month, but that is extremely deceptive. People who have become discouraged and stopped looking for work are not counted when the unemployment rate is calculated. This keeps the official rate artificially low. There are five million people in the discouraged category and their ranks are growing.
posted by Prometheus 6 at 4/7/2003 08:29:49 AM |
Posted by P6 at April 7, 2003 08:29 AM | Trackback URL: http://www.prometheus6.org/mt/mt-tb.cgi/238