Nearly Half the U.S. Population is Without a JOB

Nearly Half the U.S. Population is Without a JOB

The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless. As the induced shutdown tore through the labor market, the share of population employed...
The Employment Situation Is Still A Disaster

The Employment Situation Is Still A Disaster

Last Friday, the US Bureau of Labor Statistics released new unemployment data. The report surprised many because it showed a decrease in the unemployment rate, while many observers had expected an increase. According to the official headline (seasonally adjusted)...
10 Signs The US Depression Has Already Started

10 Signs The US Depression Has Already Started

1– Unemployment is off-the-charts Thursday’s jobless claims leave no doubt that the country is in the grips of another severe recession. More than 6.6 million Americans filed for unemployment insurance in the last week. That number exceeds the gloomiest...