In this week’s Heritage in Focus, labor economist Rea Hederman discusses last month’s job report. Listen to the full interview, here.
Unfortunately, last month’s jobs report was the worst one in some time. We created a mere 18,000 jobs and the unemployment rate increased to 9.2 percent. Normally in a recovery, as more people rejoin the labor force in their search for work, labor force participation increases. Worryingly, however, the labor force participation rate went down.
How do we reverse this? How do we create jobs? And are we looking at chronically higher unemployment rates?
Listen to Rea answer these questions and more, here.
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I am no longer on the unemployment list. Not because I found a job, but the employer said I quit after he fired me. The appellant division sided with them and stopped my benefits. I appealled their findings and it went to a Review Board which I am not allowed to contact. They backed the appellant division, and sent me a letter saying I could sue in court. I have no way to pay the lawyer, so, this is one way for the Libs to get that pesky unemploment figure down. Catch 22? or just another example of "Just Us" in their government?
An apparently reasonable theory appears to be that perhaps the fallibilities and vulnerabilities of current economic strategy, systems and perspective might perhaps merit reevaluation. Reports appear to suggest that apparently reported high productivity associated with self-interest also appears associable with private and public sector improprieties and vulnerabilities due to the apparently reported over-prioritization of high-productivity over quality productivity. An apparently reasonable theory appears to be that reevaluation of socio-economic strategy, systems and perspective might reveal potential steps that could improve American economic and social quality of life.