not really KNOW that there is a serious problem...
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IF you compare charts 1 and 2 you too will see that while job openings have been increasing monthly since the middle of 09, the labor force participation has been shrinking.
More jobs, less people working.
Why?
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There are two very informative articles by Colin Barr of Fortune and Daniel Indiviglio of the Atlantic that discuss this "participation" issue in depth. This issue/problem has been discussed by Jim@ Calculated Risk for a number of years now.
We will find the three points of view, and post them asap.
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The 3rd chart shows U.S. very clearly that while the total employment - hires vs fires/layoff/quits - remains almost constant at 400,000+ each month, what is actually happening in different industries is VERY different.
This is "mobility" that is many cases is being forced.
Whether or not you can sell your home, or buy another one, now.
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Payroll employment up 1.1 million in 2010
-------------Unemployment in December 2010
http://www.bls.gov/opub/ted/2011/ted_20110111.htm
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Job openings in November 2010
http://www.bls.gov/opub/ted/2011/ted_20110112.htm
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