Six to seven million missing jobs
Outsourcing is starting to look like a much bigger problem than a lot of politicians are willing to admit. In the book "Outsourcing America" the authors reproduce a chart (page 105) from the US Bureau of Labor Statistics of August 29, 2004. In September 2000, the number of employed workers was 133 million and the total US labor force was 142 million. That would give an unemployment rate of 6.3%. In the spring of 2004, employed workers numbered 132 million and the labor force was 48 million, giving an unemployment rate of 10.8%. Something like 6 to 7 millions jobs have gone missing.
Can new industries such as renewable energy and nanotechnology provide the missing jobs? If not, what's going to happen to the 6 to 7 million unemployed workers?
posted by georgex5 @ Wednesday, July 20, 2005
1 comments
1 Comments:
The official unemployment rate in the US is a little over 5%. But the actual unemployment rate is over 10%. The difference is the people who are said to have dropped out of the labor force. But have they really dropped out or they so discouraged about finding a job that they have just given up? I think the 10% is a more realistic number I think the official rate should reflect it.
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