They are not fighting in vain.
BBC: NEWS | UK | UK Politics | In full: Tony Blair's speech
Still, those at the Fed are nothing if not hubristic, and they'll surely try in vain to be ahead of collapsing markets despite their inability to predict them in the past.
FORBES: Magazine Article
Discouraged workers are those who are not currently looking for a job because they feel their search would be in vain.
FORBES: The Crisis of America's Uncounted Unemployed
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