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Wednesday, May 21, 2014

47% unemployed have given up looking for work, completely


I wonder what the percentage is here in Canada.  I am in the percentage that's "completely given up looking for a job" and making do with my savings and a few dollars earned trading stocks.  However, now with Stephen Harper having knocked down some of Canada's best trading stocks because of his private rivalry with Putin .... those upbeat trading days in those stocks are gone for good.  The next person who says Harper is good for the economy and dares to say it in my presence is gonna get punched in the face. What Harper has done might be a blessing for the "shorters"  but definitely not for optimistic traders like me and not for long-term investors in those companies which have/had dealings with Russia.

Mark Hemingway writing at WeeklyStandard:
....A new poll suggests that finding employment, particularly for the long-term unemployed, continues to be a struggle for Americans. The poll, conducted by Harris Poll on behalf of Express Employment Professionals, asked questions of 1,500 unemployed adult Americans last month.

“This survey shows that millions of Americans are at risk of falling into the trap of prolonged unemployment, and it should give policymakers a greater sense of urgency to focus on the singular goal of creating jobs," said Bob Funk, CEO of Express and a former Chairman of the Federal Reserve Bank of Kansas City, in a release. "We can take heart that in these difficult times the American spirit of confident hopefulness endures, but we can’t accept this status quo—not for our country, not for our unemployed neighbors.”.......

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