The global famine for jobs... - update 2

Famines have been one of the main problems for mankind in history. In the western world, famines have been successfully tackled by modern agriculture, productivity gains, and new products and techniques.But the new famine in the western world has become unemployment.

In 2003, I wrotean article in Trends about the subject:

Almost 7 years -and one recession- later, few things have changed. The US has not achieved any job growth in the zero-decade. In Europe, things are not much better. It means that even in a country with a good labour mobility, low wages, less strict minimum wages, less job rigidities etc.

This is an important subject for economists. What is the reason for such job implosion world wide? If no answers and solutions are given, globalisation will be pointed as one of the culprits.

One important additional remark: no jobs, in a period that the US population grew by 0,5% per annum. This means that the activity rate is declining significantly.

      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
    Series Id:LNS13327709



Seasonally Adjusted



Series title:(seas) Total unemployed, plus all marginally attached workers plus total



employed part time for economic reasons, as a percent of all civilian labor force plus all



marginally



attached workers



Labor force status:Aggregated totals unemployed



Type of data:Percent or rate



Age:16 years and over



Percent/rates:Unemployed and mrg attached and pt for econ reas as percent



of labor force plus marg attached

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