Special Report 6, July 2015 by June Zaccone, Assoc. Prof. of Economics (Emerita), Hofstra University and NJFAC Executive Committee. [lfpr for 25-54 updated, 5/16] Whenever a recession leads to dropouts from the measured labor force, as those who despair of finding work give up looking, commentators begin asking whether the decline in the labor force… Read More Is the Decline in the Labor Force Participation Rate During This Recession Permanent?
New York Times, November 20, 2012 …. Nearly six million factory jobs, almost a third of the entire manufacturing industry, have disappeared since 2000. And while many of these jobs were lost to competition with low-wage countries, even more vanished because of computer-driven machinery that can do the work of 10, or in some cases,… Read More Skills Don’t Pay the Bills by Adam Davidson
New York Times, December 1, 2009 http://www.nytimes.com/2009/12/01/us/01race.html …. …there is ample evidence that racial inequities remain when it comes to employment. …. College-educated black men, especially, have struggled relative to their white counterparts in this downturn, according to figures from the Bureau of Labor Statistics. The unemployment rate for black male college graduates 25… Read More In Job Hunt, College Degree Can’t Close Racial Gap, Michael Luo, NY Times
Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading. Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to… Read More The Big Lie: 5.6% Unemployment by Jim Clifton