On Mar 10, 2011, at 1:38 PM, Carrol Cox wrote:
> Does the number you give also exclude "public" employees? The unemployed?
It excludes both.
> Is there any estimate available on the size of the "reserve army of labor"?
> If social security is cut (or fails to keep up with the cost of living) that
> "army" will increase in size.
The reserve army is a plastic concept, so it's hard to count. But in Febraury, there were, in addition to the 89m nonsupervisory workers in the private sector another 20 million or so:
officially unemployed 13.7 million not in labor force (not actively searching) but want a job 6.4 million
of which:
discouraged (given up job search as hopeless 1.0 million
other marginally attached (didn't search in previous month) 1.7 million
Doug