For the 3rd month in a row, the participation of US citizens in the job force has been stuck at a 38-year low. There are, according to OFFICIAL US NUMBERS, over 94 MILLION US workers not working at all. Which seriously begs the question – what are we going to do with all those Syrian immigrants we’re importing under current refugee laws?
Or, to look at it another way – I’m (almost) 53 years old, and started my first job at 16. This is the worst the US job market has been IN MY ENTIRE PROFESSIONAL LIFE.
Source: Record 94,031,000 Americans Not in Labor Force; Participation Rate Stuck at 38-Year Low for 3rd Straight Month
Oh, and I’d like to take this moment to wish my father a happy 73rd birthday!
The following is a short excerpt from the full article, which can be found here:
Microsoft’s argument that the U.S. faces a shortage of people with STEM (science, technology, engineering and math) skills isn’t helped by the 7,800 layoffs it announced last week.
In fact, said Sen. Jeff Sessions, (R-Ala.), chairman of the Senate’s Immigration Subcommittee, Microsoft’s latest cuts show “there is a surplus — not a shortage of skilled, talented and qualified Americans seeking STEM employment.”
Sessions’ criticism of Microsoft — the company declined to comment on his remarks — was aimed at Senate supporters of the I-Squared H-1B bill as much as the company itself. I-Squared would increase the H-1B visa cap considerably.
Sen. Marco Rubio, (R-Fla.), now seeking the Republican nomination for president, is a primary sponsor of I-Squared. He is also from a state that includes Disney Parks and Resorts IT operations. Disney recently replaced IT workers by using IT services firms that are large users of the H-1B visa.
The link points to a PBS Newshour interview where it is pointed out that teens are taking the brunt of the unemployment punishment. HS grads who don’t go on to college are having trouble finding jobs. Many who want full-time jobs have to settle for part-time because that is what is available. The more poor your family background is, the harder it is to get work.
Underemployment for these is around 80%, which is horrible. But it gets worse. While the US imports about a million new unskilled workers every year, poor black teenagers are experiencing unemployment rates of 90% to 95%.