Friday, July 2, 2010

LARGE NUMBER OF WORKERS DROP OUT!!

DISCOURAGED WORKERS LEAVING WORKFORCE IN DROVES...!!

CUT IN UNEMPLOYMENT BENEFITS ARE PARTLY TO BLAME.


In June, about 2.6 million persons were marginally attached to the
labor force, an increase of 415,000 from a year earlier. (The data
are not seasonally adjusted.) These individuals were not in the labor
force, wanted and were available for work, and had looked for a job
sometime in the prior 12 months. They were not counted as unemployed
because they had not searched for work in the 4 weeks preceding the
survey. (See table A-16.)