The following article comes from a Christian Site. It is interesting to see this take on why new job creation has been so low. Also note the slant in the article hinting at anti-Christian bias effecting jobs.
The Real Unemployment Rate is 23%:
How and Why Jobs are Vanishing from America
Luke Exilarch
Christians In Exile
March 20, 2005
Jobs are vanishing from America. Many of us realize this from our personal experience, or that of family members or friends.
The real unemployment rate is 23%
The federal government claims the unemployment rate for 2004 was 5.5% But the government’s “unemployment rate” statistic is a propaganda device. It does not count as “unemployed” people who are “not in the labor force.” According to economist Richard DuBoff, participation in the labor force by working-age males has been drifting downward for more than 40 years. Therefore, the government’s official “unemployment rate” is an increasingly misleading statistic.
According to the government’s own 2004 statistics, the civilian non-institutional population of United States males, age 16 and over, was 107.7 million people. Of those 107.7 million males, 14.7 million were estimated to be age 65 or over. Therefore, the number of men between 16 and 64, which traditionally constitutes this nation’s workforce, was 93 million.
Of those 93 million men, the government admits that 4.4 million of them are unemployed. And when I say unemployed, I mean utterly and completely inactive. The government considers someone “employed” if they work as little as one hour a week. People who do not even work one hour a week are still considered “employed” if they are “temporarily absent” from work.
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http://www.exilemm.com/e-sub-realunemployment.shtml