The recent jobs report showed a decrease in the unemployment rate, but this number may not accurately reflect the true state of joblessness in the country. According to the report, 264,000 people left the labor force, which means they are no longer being counted as unemployed. This phenomenon is not new, as Martin Luther King Jr. argued in 1968 that the unemployment rate was hiding people who had lost hope and stopped looking for work.
The Problem with the Unemployment Rate
The unemployment rate only counts people who are actively looking for work, which means that those who have given up are not included in the numbers. This can lead to a misleading picture of the job market, as people who are not working but have stopped looking for a job are not counted as unemployed. King argued that if these people were included in the numbers, the true unemployment rate would be much higher.
This issue is still relevant today, as many Americans are struggling to find work. The recent jobs report showed that the country lost 23,000 jobs, and the number of people who have stopped looking for work is still high. This can have serious consequences for individuals and families who are struggling to make ends meet.
A Call to Action
The article concludes by calling on readers to take action to help those who are struggling to find work. This includes interviewing people who may have been screened out by hiring software, walking with friends who have given up looking for work, and making connections with people who are hiring. By taking these steps, we can help to address the issue of unemployment and ensure that everyone has access to a job.
Original reporting: The Washington Informer — read the source article.