According to the above - referenced USAToday article, Goldman Sachs Chief Economist Jan Hatzius says wages will rise only slowly as
discouraged workers who stopped looking for jobs stream back into an improving labor market.
The US has an extremely low rate of labor force participation, because there are no jobs to be had, and
discouraged workers who can not find jobs are not measured in the unemployment rate.
These improvements were reflected in the rise in the participation rate to 63 %, up 0.6 % since September, confirming there is greater slack in the labour force than conveyed by the headline unemployment rate, and suggesting that longer term unemployed or
discouraged workers who have hitherto remained on the sidelines are being pulled back into the labour market by the growth in employment opportunities.
You might recall Fed Vice-Chair Janet Yellen discussing at length the numerous pitfalls of the headline unemployment rate, which doesn't count
the discouraged workers who've dropped out of the labour force, those who've stopped looking for work but say they would still like to have a job, and those who would like to work full - time but could only find part - time employment.
Not exact matches
A laid off manufacturing
worker who has given up hope of ever finding another job is not counted in the unemployment statistics, so an economy with a high number of
discouraged workers could have a misleadingly low unemployment rate.
But it doesn't include people
who have given up looking for work, so - called
discouraged workers, or those
who are working part time but would like to be full time.
The underemployment rate is a broader measure that includes
discouraged workers and those
who have part - time jobs but want full - time work.
Senator Jose Peralta argues that means business will be
discouraged from hiring older
workers,
who the Fiscal Policy Institute says currently hold about 90 percent of low - wage jobs.
The seasonally - adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS - estimated long - term
discouraged workers,
who were defined out of official existence in 1994.
These statistics on unemployment do not include «
discouraged workers» — those
who have lost their unemployment benefits or simply stopped looking for work.
Most of the dogs probably will be killed, officials say, because visitors in this part of the state do not want to adopt them, and shelter
workers often
discourage those
who seem interested.
State and federal
workers» compensation laws aim to provide fixed monetary compensation to employees
who are disabled or to family members of employees
who are killed on the job, thus
discouraging injury suits against employers.
Nathan Janzen, an economist with RBC
who analyzed this trend, attributed it to factors other than
discouraged workers,
Additionally, the number of
discouraged workers, those
who have stopped looking for work because they believe there are no jobs available to them, declined by 178,000 from the same period last year.
One factor influencing this was
discouraged workers with skill gaps
who have stopped looking for work.
There are still many
discouraged workers and others
who have left the labor force, though.