Available Labor Rate Increases To 10.2%

December 8, 2009 8:07pm by Barry Ritholtz

Another brilliant piece of parody, via The Onion:

“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 . . . 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.”

Gotta love the chart:

click for larger graphic

Bloody brilliant!

Hat tip Laurence

Source:
Labor Dept: Available Labor Rate Increases To 10.2%
Onion DECEMBER 5, 2009 | ISSUE 45•49
http://www.theonion.com/content/news/labor_dept_available_labor_rate

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