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Perry D.
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CBDO at Serenity. Former economics correspondent for Fortune Magazine and The Financial Times, with a BA in economics from Harvard. I keep an eye out for inflection points. I'm not wedded to any particular market philosophy or past forecasts. I go wherever the evidence, skepticism of static... More
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Track the Turnaround
  • Percentage of Adults Employed: Heading Back To 26-Year Low 2 comments
    Nov 5, 2010 4:09 PM | about stocks: QQQ, SPY
    Don't buy the positive spin being put on Friday's jobs report: the percentage of American adults employed is sliding back toward the 26-year lows set late last year (see charts below)

    The unemployment rate "fell" because more people are abandoning the search for work and bailing out of the labor force - they're not counted under the Labor Department's statistical (and increasingly inadequate) definition of "unemployed." 

    The job market, like the U.S. economy, remains stuck at post-crisis lows. At best.






    Disclosure: No positions
    Themes: Economy Stocks: QQQ, SPY
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Comments (2)
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  • Scariest thing about it is that in 1983 the MAJORITY of households were NOT dual earners.

     

    Now we are talking about history setting low employment in the age of the majority of us having to have two paychecks to survive.

     

    NOT the sunshine and lollipops all the "experts" want us to believe.

     

    Can't wait until the REAL effect of the end of campaign spending and media blitz goes away.

     

    Now what?
    6 Nov 2010, 01:17 PM Reply Like
  • Author’s reply » Great point, Teresa. The situation is indeed far worse than 1983 when you consider that a dual-income household is a bigger necessity today than it was back in '83. Let's not even talk about inflation since then, or what the Fed is doing to the dollar's purchasing power going forward.
    7 Nov 2010, 12:44 PM Reply Like
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