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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (793806)	7/6/2014 3:19:47 PM
From: TimF	Read Replies (1) of 1577345

..."There are still many people who want a job but are not counted as unemployed because they have not been looking for work," Pressman added. The labor force participation rate remained stuck at 62.8% (a 36-year low) in June for the third consecutive month. Before the Great Recession, which officially began in December 2007, the labor force participation rate was 66%. Another major problem is the kind of jobs added, and here's why... The bulk of job creation last month came from low-paying sectors. High-paying industry job growth, meanwhile, lagged - a trend that has endured since 2008. Also, a good chunk of the jobs created in June were part-time jobs, although workers wanted full-time employment. According to The Wall Street Journal, only one in five of the long-term unemployed has returned to lasting, full-time work since 2008... moneymorning.com In fact there are areas of the country that are booming. Yeah, like North Dakota because of fracking.

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