Mar

7

People are loosing their jobs, and they do not want them back!

March 7, 2008 |

Loosing your job used to be a terrible thing to happing.  People used be afraid of the mere idea.  It doesn’t seem to be the case anymore.  Today, we found an interesting statistic from the Labor Department: 63,000 jobs lost, but unemployment drops from 4.9% to 4.8%.

It is easy feel surprised.  Less jobs, less unemployment.  Shouldn’t it work the other way around?  No, if people stop looking for a job.  Now, I do not know about you, but if I needed money I would be looking for a job.  It appears there are some people for which working is optional.  Housemakers, rich people, young people living with parents, government benefits, disabled people, I guess I can make a long list of people for which working may be optional.

Nothing wrong with that.  I just wonder what is better for the economy, to bring more people in the workforce, or to be in a society where more people feel it is optional to work?

Another interesting statistic by the Labor Department is unemployment by occupation.  Fortunately mine is in the 2% range (fairly low).  It is a convenient statistical analysis for people deciding which career they should choose based on job availability and stability.  (Not everyone has to choose it based on those factors).  Then again, I do not have a job - I am self employed.


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