The economy has recovered.
That is what we have been told.
Look around and see how many jobs have been created, or have they. In November
2014 there was a 312,000 increase in employment.
But look closely at our Bureau
of Labor Statistics. The participation rate, the percentage of the labor force
that is working, remained at 62.8%. That means thirty-seven (37%) are not
employed. There are one hundred forty-seven million (147,289,000) people
working. There are nine million (9,110,000) people not working.
Take heart,
India Japan, and Turkey have lower participation rates.
The accuracy of these statistics is only as good as what are
government is telling us. Merry Christmas.
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