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More and more people have gotten out of the mood of even looking for a job.
This is shockingly bad news. This means that there are fewer and fewer workers even willing to contribute economy.
November 2, 2013, 5:00 AM
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Number of the Week: Why Don’t More People Want a Job?
By Ben Casselman
34.3%: Share of Americans over age 16 who say they don’t want a job, up from about 30% two decades ago.
Americans aren’t just leaving the labor force — those who have left it are drifting further away.
Economists studying the labor market have traditionally focused on two types of people: those who have jobs (the employed) and those who are trying to find them (the unemployed). Together, those groups make up what is known as the “labor force.”
Read more: http://blogs.wsj.com/economics/2013/11/02/number-of-the-week-why-dont-more-people-want-a-job/?mod=e2tw
This is shockingly bad news. This means that there are fewer and fewer workers even willing to contribute economy.
November 2, 2013, 5:00 AM
.
Number of the Week: Why Don’t More People Want a Job?
By Ben Casselman
34.3%: Share of Americans over age 16 who say they don’t want a job, up from about 30% two decades ago.
Americans aren’t just leaving the labor force — those who have left it are drifting further away.
Economists studying the labor market have traditionally focused on two types of people: those who have jobs (the employed) and those who are trying to find them (the unemployed). Together, those groups make up what is known as the “labor force.”
Read more: http://blogs.wsj.com/economics/2013/11/02/number-of-the-week-why-dont-more-people-want-a-job/?mod=e2tw