Jobless rate may rise as many are drawn back to labor forceTell me this: At what point did those who find themselves unemployed but not looking for work become not unemployed? And I want to talk to those "economists" who "assert" that the unemployment rate might rise because the unemployed may remain unemployed. But looking.
By V. Dion Haynes, Washington Post
The increase in jobs highlighted in the nation's most recent unemployment report carried the sound of economic promise, but Obama administration officials said Sunday that the public shouldn't expect any dramatic improvement in the jobless rate, largely because of the effect of thousands of "discouraged" unemployed people who have resumed their search for work.
Some economists assert that the unemployment rate, which held steady at 9.7 percent in March, is likely to be driven higher as many more such people are lured into looking for work by signs of recovery. [link]
Has the world gone mad? Are America's economists now picked from some reality show? Have we dumbed down our education system to the point where ignoramuses have become the best we can do in our quest for experts in a given field?
"They're not employed. They're out of work."
I fear for our country.