Labor Dept: Available Labor Rate Increases To 10.2%

[marmar]

from The Onion, naturally:



Labor Dept: Available Labor Rate Increases To 10.2%
December 5, 2009 | Issue 45•49


WASHINGTON—In what is being touted by the Labor Department as extremely positive news, the nation's available labor rate has reached double digits for the first time in 26 years, bringing the total number of potentially employable Americans to an impressive 15.7 million.

"This is such an exciting time to be an employer in America," said Labor Secretary Hilda Solis, adding that every single day 6,500 more citizens join America's growing possible workforce. "There's such a massive and diverse pool of job-ready Americans to choose from. And each month the number only gets higher."

"While our current available labor rate of 10.2 percent isn't quite as robust as it was in 1982 or 1933, we're happy to say that reaching that benchmark is no longer out of the realm of possibility," Solis continued.

According to the Department of Labor's report, nearly 200,000 more Americans suddenly became fully hirable in October alone. And November saw unprecedented gains in the number of high-quality auto workers, teachers, lawyers, part-time retailers, and even doctors who could be employed. ...............(more)

The complete piece is at: http://www.theonion.com/content/news/labor_dept_available_labor_rate

[valerief]

1. Sadly funny. nt

[MercutioATC]

2. The sad thing is this is less spin that a lot of "real" financial news.

[Vinnie From Indy]

3. Gotta love The Onion

Nothing like gallows humor!