by Yvette Carnell
If you listen to the talking heads, then you probably think that America’s economy is on the upswing. Funny thing is, much of the available economic data is pointing in the opposite direction. Record numbers of Americans are either unemployed or underemployed and conditions aren’t improving at a rate that will make a measurable difference. To better make the point, here are 13 facts that speak to America’s current economic position. Straight. No chaser.
1) 91,541,000 Americans are not in the labor force.
2) More than 1 million people will see their extended unemployment benefits immediately cut off at the end of the month if Congress doesn’t act.(NPR)
3.) Detroit’s bankruptcy is likely to gut pensions and the livelihoods of workers who had nothing to do with the Wall Street engineered recession. (Common Dreams)
4.) The number of American women with a job fell by 357,000 during the month of October.
5.) Research firm ShopperTrak reported that Thanksgiving and Black Friday only produced $12.3 billion dollars for the entire industry, only a smidgen higher than 2012. Is that how we define growth?
6.) Overworked Americans are so desperate for jobs that they aren’t using their vacation days. (Forbes).
7.) The average length of time that people remained unemployed as of October 2013 was nearly three times as long as it was in October 2000.