Monthly Archives: April 2008

Why Are Workers Unhappy, With Only 5.0% Unemployed? Almost 5 Million Have ?Opted Out? of the Labor Force

Payroll employment peaked in December, and according to numbers released today had declined by 260,000 jobs as of April. (Source: BLS.) Since we have not yet seen a single negative number on GDP growth, this job loss is easily the most tangible statistical evidence we have so far that the much-heralded recession indeed may have [...] Continue reading

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