I feel sorry for every person who wants a job but cannot find one. The figures which directly affect me, however, are stock market statistics. The Dow and S&P just hit new all-time highs. Life is good.
"I feel sorry for every person who wants a job but cannot find one. "
As an American you are called on to stop the problem, not just feel sorry.
"The Dow and S&P just hit new all-time highs."
unless you adjust for inflation, then it's not real close. And consider this, there is no volume, there is no selling because there is no opportunity to sell.
Two quarters ago I watched a high flying stock blow away the Street's expectations, gapped up 20% after hours, held all after hours, opened close to the full gap up and sold off like a bit** all day closing in the red. Why was that on really far beyond expectation earnings?
Volume, the guys who had already pumped it to nosebleed had an opportunity to exit because there was demand. Roughly 10x average volume traded that day and from open to close it lost $70/ share.
Apparently, amidst all that hate-filled stupidity, we are expected to believe every newborn infant and retired person simply must work, else Obama all bad.
From Quickfacts.Census, 37.2% of the population is under 18 or 65 & older, from total pop of 316 M. In other words, 117M people should have no reason to work at all. Hawcreek's iq thinks 92 is larger than 117.