Jobs Versus Net Jobs [Archive] - Glock Talk

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Ruble Noon
07-23-2012, 05:06
http://lewrockwell.com/sowell/sowell100.html

jeanderson
07-23-2012, 05:19
Thomas Sowell is great. He really nails it on jobs here. Economics is a complex thing, and so many try to simplify it.

When the BLS issues it's employment report every month, I download the employment situation report (http://www.bls.gov/news.release/pdf/empsit.pdf). Ignore the "unemployment rate" and look at the labor participation rate. It's alarming. This is the percentage of population that is working and it's been steadily declining. That is unsustainable.