Visitors Now:
Total Visits:
Total Stories:

By Riehl World View (Reporter)
Contributor profile | More stories

Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

America’s hidden unemployed: too discouraged to count

Sunday, September 23, 2012 18:10

% of readers think this story is Fact. Add your two cents.

(Before It's News)

This should get a lot of media play given it’s a Reuters report. Then again, maybe not.

“There’s nothing out there and there probably won’t be anything for a while,” said McCune, from New Concord, Ohio. He has moved back home to live with his parents, who are helping him pay off his college debt of about $20,000.

“I don’t like it, it’s embarrassing. I don’t want to be a burden to my parents,” said McCune, adding that he felt like a high school dropout.

Economists, analyzing government data, estimate about 4 million fewer people are in the labor force than in December 2007, primarily due to a lack of jobs rather than the normal aging of America’s population. The size of the shift underscores the severity of the jobs crisis.

via Firstpost.

The post America’s hidden unemployed: too discouraged to count appeared first on Riehl World News.