full time equivalent (FTE)
Ratio of total number of paid hours during a period (part time, full time, contracted) by the number of working hours in that period Mondays through Fridays.
How to Calculate FTE Hours (click title to entry - thank you)
Measuring the number of hours worked in terms of full-time equivalents--or FTEs--is a way to compare and benchmark the total hours worked by a workforce. The metric provides a standard way of measuring a company's workforce across industries. For instance, a company could have 500 people on staff, but only 400 FTEs if some of the workers are part-time employees. Comparing just the number of employees, rather than looking at FTEs, may give the wrong impression and lead to poor decision-making....
A lot happened in the last quarter of 2008. Companies were bailout of the American Paradigm so they could use any excuse to 'do as they please.' Some of what is occurring with the unemployed in the USA is manipulation 'in favor' of maximized profits at the cost of a strong consumer base and wider tax base. Basically, the CEO 'Bonus' is the worst invention Wall Street ever invented. It allows for exploitation of any aspect of a business, including downsizing and outsourcing, that is completely detrimental to the company as well as the country and the overall economy.
In today's work force, there is less stability for 'a job' and less, far less 'benefits' that insure a quality of life through retirement and beyond. I don't care what kind of 'retirement' venue Wall Street advocates in REPLACEMENT of SSI and Medicare, there is no stability, no guarantees and absolutely no trustworthiness that can find ground for any change in the 'structure' of the 'entitlements' for the USA's population.
When understanting the sincere depth of unemployment in the USA, one has to look at the entire picture and the demoralization of 'personage' in the work force.
