Posted on 09/03/2011 7:16:54 AM PDT by SeekAndFind
Judging by the September 2 jobs report, a double dip recession is closer than ever before and that's bad news for everyone still looking for a job.
Even worse than the modest 68,000 jobs analysts expected to see, no new jobs at all were added to the economy this quarter.
Manufacturing shrank by another 3% and unemployment remained a stark 9.1%.
Even the wages for those fortunate enough to be working went down by 0.1%—not a good sign.
As bad as this is there are jobs out there, just be prepared to go up against terrifying odds.
1. If you lose your job today, there's a 70% chance you won't find a job in the next month
2. If you've been unemployed for a year, there's a 91% chance you won't find a job in the next month
3. Two million people have exhausted 99 weeks of unemployment benefits—another four million will do so in 2011
4. In the most optimistic scenarios, payrolls won't return to 2008 levels until 2013—in that time population will grow by 5%
5. More than one in four jobs added to the economy last year were temporary
6. At 2000 participation levels, the unemployment rate would be 13%
7. When you count the unemployed, underemployed and discouraged workers, only 47 percent of the work force is fully employed
8. The number of workers over age 55 has increased by nearly eight percent in three years—no retirement means no hiring
9. 4 out of 10 baby boomers said they will have to "work till they drop"
10. The average length of unemployment is 22 weeks
11. For workers over age 55, the average length of unemployment is 43 weeks
(Excerpt) Read more at businessinsider.com ...
>>That is something that citizens need to address. No society has ever been built by people that don’t make things.
But every parent I know tells their “honor student” (and these days, any student that isn’t an “honor student” is probably a “special needs” student) that they’re going to college and they will one day supervise people with skills. They all are counting on nine other parents sending their kids to trade school (except that Big Ed has almost abolished trade schools in this country).
There's still more to it - literally trillions are still hanging in the air from suppressed foreclosures and property removed from the market, including vast amounts of business property with tenants paying little or no rent for their occupation. Many counties have suppressed underpayment or non payment of property taxes to prevent tax foreclosures from raising it even higher, and the much higher standards required to file bankruptcy for individuals means millions of families that should have discharged their debts are barely inching along while judgments rack up against them.
Also uncounted are the millions who have graduated from college or high school who want to enter the job market who are unable to find a job, with youth unemployment at well over 50%.
Massive federal debts, massively under reported unemployment, under reported inflation, and growing tax liabilities through future mandated programs leaves the upcoming presidential elections ripe for a third party candidate to come sweeping in and do what the Republicans aren't doing, which is tell exactly how bad the economy overall is doing.
Where do we start? Tort and patent reform to remove the two biggest blockages to expanding innovation. Tenure reform to double the capacity of our colleges while lowering costs (such as requiring at least a 20 hour week from professors, rather than the 10 hour week they're averaging now), budget reform to eliminate benefits for elected and appointed officials and minimize the taxpayer costs for government employee benefits.
Start there, and then it becomes far easier to reform Medicare and public benefits to bring them back into more realistic budgetary constraints, and remove the burden on the economy. Yes, we do need regulatory reform, curtailing the size and scope of the government, but the discussion lightly brushes these topics without getting to the root problems in the economy.
There are millions of jobs being added each year. If you are really serious about getting a job, then just move to Communist china.
Quit your belly-aching about “free trade”.
Continental Resources is moving to Oklahoma City and is planning to hire at least 461 new employees over seven years with a total average compensation of $130,000 a year.
The other problem is that what infrastructure spending we’ve had is going for park beautification, walking trails, bike paths, planting plants along roads citing views and noise abatement - NOT new roads and bridges. If new transportation infrastructure is built, it is trains hardly used or replacing existing buses with more expensive but more eco-friendly buses (so no new actual bus count increases).
It is as if they are seeking to spend on all infrastructure except what the majority actually uses and needs (car based).
Actually, noone can move. If you owe the bank more than your house is worth, your are stuck.
dila813 wrote:
No one wants to move, they want the jobs to come to them!
I'm wondering how we get past that.
In the past, the resourceful moved to where the jobs were. Downturns were opportunities to move somewhere else and start a new life.
Underwater mortgages take away that option.
Certain states with such job killing policies include California.
In the past, many people moved to other places for work. Yes you do limit yourself if you insist on staying in one place.
And there’s the intangibles if you like where you live. If your friend really likes Seattle, for example, he will be less eager to relocate than somebody who would like the experience of living in some other part of the country.
And I’ve heard that two career couples have a harder time relocating than just a single worker without family issues to deal with.
I’ve heard also that the housing market and people being upside down on mortgages has discouraged people from relocating. They feel tied down to a house they can’t sell, or can’t sell for enough to pay off the mortgage and start somewhere else.
You can find a job, just not a good paying job.
Thankfully I’m not underwater on my mortgage and thank God I am employed and able to care for my family.
That being said, if I were underwater, my credit already blown to pieces, and in debt to a large bank who received billions of dollars in tax payer funded bailouts, I would seriously consider walking away.
Normally I would find that reprehensible, but really, did the government not just give OUR money to these banks, to lend back to us?
Am I off base here? If so, please let me know if I’m missing an angle on this.
My company distributes machine tools and company after company I visit need Machinists. Some need 20 and 30 people. They cannot find skilled people. The last generation were scammed by big education to get a business degree and got out of school with life log debt and a job as assistant manager at Wendy’s. Many that are coming from the Vocational schools have no math schools and poor work ethic. You get about 10% that become what employers are looking for.
Bingo. Plus, if they file bankruptcy to get out from under all that debt it destroys their credit rating and then they can't get a job because employers are now looking at credit scores of potential hires.
It's a Catch 22 situation.
I am indeed thankful I have a job and I thank God every day for that. Seriously.
However, life ain't no bed of roses for a lot of us employed folks that are stuck with assh0le bosses and a workload that's killing us.
My supervisor is a jerk, upper management are all mouth breathers and I'm doing the work of five IT people because the company will not hire anyone.
I'd move but I'm a non-residential parent and I already don't get to see my sons enough as it is. I'm not missing them growing up.
So, I suck it up and carry on. I've started working out more after work to blow off the stress. Plus I'm back to meditating regularly and that helps too.
I think that all of these things have help to keep me working with out lapses of more than a month or two.
However, it it also true that I am very willing to move...and most importantly, WORK. There are alot of lazy people out there. B Cool,
“Certain states with such job killing policies include California.”
Don’t forget the other POS state of IL. So many good people down state ruled by bums up-state.
Aside from the needless pain that is inflicted on society by high unemployment, it also reduces government revenues which in turn adds even more to the deficit.
Aside from the needless pain that is inflicted on society by high unemployment, it also reduces government revenues which in turn adds even more to the deficit.
“There are alot of lazy people out there.”
True, the work ethic is not what it used to be. Many employers are very troubled about the laid back attitudes and sense of entitlement of the younger generations.
“In the most optimistic scenarios, payrolls won’t return to 2008 levels until 2013—in that time population will grow by 5% “
This means that if we continue to allow more immigration, then we have to add 15 million new jobs by 2012. That means we have to add a net new 500,000 jobs each and every month for the next 24 months..............just to stay even.
If there is any month where less than 500,000 more new jobs are not created, then things will get worse and more people will be unemployed.
My original inquiry was not do we need onfrastructure, it really is how much state, federal & local funds are used to create one infrastructure job? Just one job. I absolutely thought it was genius for... (Was it LA?) to place monetary fines on untimely construction. Never thought I would day that about LA!
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