>From Karen Cole's Casey Report.

 

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Record Number of Unemployed Americans Gave Up looking for work.

"If workers come pouring back into the labor market more quickly than
employers want to hire, the jobless rate will rise. The Labor Department
counts people as unemployed only if they are actively looking for work, so
those discouraged workers -- nearly 1.3 million of them as of November --
are excluded.

A look at the gender breakdown offers some signs that the dropout rate could
stay high even if hiring improves. Nearly two-thirds of the discouraged
workers were men, perhaps a reflection of sharp declines in male-dominated
industries such as construction and manufacturing, where jobs are expected
to remain scarce."
http://www.huffingtonpost.com/2011/01/03/unemployment-2011_n_803473.html

 

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