Monday, October 1, 2012

The Most Brutal Jobs Graph of the Year

...our favorite and never reported BLS statistic amplifies the terrible situation for labor in this country. The BLS surveys people considered not part of the labor force and asks if they want a job right now. [Above] is a graph of the people who said yes and watch how this figure swells.

For August 2012, those not counted in the labor force but report they actually want and need a job increased by 403,000 in a month. That, folks, should have you horrified. Literally we have desperate and destitute people falling through the statistical crevasse, into the abyss where they can only shout out from the numerical darkness, yes I want a job!