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US Employment Rates
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    "100% of U.S. Jobs Added Since 2010 Have Been Self-Employment, Contractor, or Other Jobs Without Unemployment Insurance Benefits"

    Since 2010, the economy has added 3.23 million jobs according to the BLS. Of those 3.23 million jobs, 3.33 million (slightly greater than 100%) have been self-employment, contractor, family-business jobs, or other jobs with insufficient wages and therefore ineligible to collect unemployment insurance.

    Since 2009 the numbers look much worse. In that timeframe the economy added 2.36 million jobs according to the BLS. Of those 2.36 million jobs, 5.91 million (250%) were self-employment or jobs otherwise not covered by unemployment insurance benefits.

  • 5 Replies sorted by
  • As much as I wanna hate big corporations,(and I do!) US has the highest corporate tax rate in the world right now (35%) lower than drastically and you will see companies come back home, problem is our debt is too high to cut them. When you compete on a global scale, the lowest common denominator wins, the politicians on both sides put in policies that are bad for the economy but it gets the re-elected. Social security is nothing more than a transfer of wealth from the young and poor to the old and wealthy but it gets politicians elected. Young people think that money will be around when they retire but its just not true. Social security is basically a legalized ponzi scheme. When it takes in less than it dishes out as it does now, it will soon collapse unless you believe all the propaganda and the fake cooked books.

  • Two former social security administrators admit its a ponzi scheme

  • Here in Belgium they found a better way to reduce unemployment : they make stricter rules for unemployed, so many of they get expelled from the statistics and have to rely on social security aid. And even despite that, unemployment started to rise again....

  • Yeah, we sorta have that too. As soon as you exhaust your unemployment benefits, you drop out of the system and you are no longer counted as un-employed so the real unemployment rates are much higher than being officially reported.