Thursday, August 25, 2016

Displaced workers, BLS report today

Is this good news or bad news? Democrats will say it's better than the last report. So I suppose it depends if you were one of the 66% who were reemployed. Republicans will say at what job and where and at what wage? Increasing minimum wage sure won't help those displaced workers. The recession was over in June 2009.

(Aug. 25, BLS report) "From January 2013 through December 2015, there were 3.2 million workers displaced from jobs they had held for at least 3 years, the U.S. Bureau of Labor Statistics reported today. This was down from 4.3 million workers for the prior survey period covering January 2011 to December 2013. In January 2016, 66 percent of workers displaced from 2013 to 2015 were reemployed, up from 61 percent for the prior survey in January 2014."

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