Don’t be a “Discouraged Worker”

Every quarter the US Bureau of Labor Statistics compiles the employment figures.  One of those calculations is for what they actually call “discouraged workers.”  These are individuals who wanted and were available for work during the last 12 months.  But they are no longer counted as unemployed because they have not searched for work in the last 4 weeks.  According to the Bureau’s calculations, in December of 2010, there were 1.3 million “discouraged workers.” Here we are in February.  The official figures are pretty much the same.  “Discouraged workers” are not a true indication of the economy or of the … Read More