According to the Labor Department, 844,000 people gave up on finding jobs last month:
Bill Day thinks President Obama is doing his best to repair the economy while the Republicans drag their feet, but Nate Beeler thinks Obama’s only solution is wishful thinking. The U.S. population is growing. In normal times, the labor force — working or not — would be growing too. But these are not normal times, and the labor force is actually smaller than it was four years ago, meaning millions of people who should be there aren’t.The reasons people drop out of the workforce are myriad. People go back to school. Others have health issues or family priorities that keep them from looking for work. But some stop looking because they are discouraged. ‘Discouraged’ is not just a state of mind. It’s an official term the Labor Department uses to describe the 844,000 people who last month had given up on trying to find a job because they didn’t think there was anything out there for them. So while the unemployment rate edged down this month, there are also more people who have quit sending out resumes, put their best suits back in the closet and stopped looking for work altogether.