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Job market unlikely to recover until 2014 (shovel ready jobs not quite ready)
msnbc ^ | 9/4/2009 | ap

Posted on 09/04/2009 3:01:55 PM PDT by tobyhill

New unemployment data show why it will take years for the labor market to recover from one of its fastest and deepest declines since World War II, even if an economic recovery is around the corner.

The Department of Labor report released Friday showed job cuts in August were lower than they've been in recent months. But a deeper look at the data shows why it will take millions of new jobs to dig American workers out of this recession's deep pit.

Unemployment for teenagers stands at nearly 26 percent. More than 758,000 workers are so discouraged they quit looking for jobs altogether, by far the biggest such number since the Department of Labor started tracking it in 1994. Damage continues to mount in the manufacturing, financial and construction sectors.

(Excerpt) Read more at msnbc.msn.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: bho44; bhoeconomy; bhostimulus; shovelready

1 posted on 09/04/2009 3:01:56 PM PDT by tobyhill
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To: tobyhill

The only shovel that is ready is the one we will use to bury the Obama Presidency.


2 posted on 09/04/2009 3:03:05 PM PDT by politicalmerc (If Birthers are so silly, then why not show the BC and put them to shame?)
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To: tobyhill

Predicting 2014.


3 posted on 09/04/2009 3:04:31 PM PDT by allmost
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To: tobyhill

Obama’s CZARS sure have their high paying jobs...that’s your tax money going to these kooks who want to destroy you.


4 posted on 09/04/2009 3:06:27 PM PDT by blam
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To: tobyhill

Well, that should give all the unemployed labor types adequate time to think about how all that hopey-changey stuff is workin’ out for them...


5 posted on 09/04/2009 3:06:41 PM PDT by Kenton
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To: allmost

I don’t think we’ll ever see below 10% again.


6 posted on 09/04/2009 3:07:08 PM PDT by tobyhill (The Communist has arrived)
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To: tobyhill

The crowds are so sparse at my local McDonald’s, they’re down to a skeleton crew of teenagers working behind the counter during much of the day.

Unemployment here in L.A. is around 14%.


7 posted on 09/04/2009 3:07:51 PM PDT by Deo volente ("By August (1992) I was a communist." Van Jones, Obama's Green Czar.)
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To: tobyhill; freekitty; 70th Division; 2ndDivisionVet; justiceseeker93; Nachum; Piquaboy; ...

Congress can take the shovel-ready jobs since they will be receiving pink slips from the America people in 2010.


8 posted on 09/04/2009 3:08:18 PM PDT by ExTexasRedhead
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To: tobyhill

It’s closer to %20 in reality. They stop counting people who can’t find work after long enough. During the Great Depression they counted people out of work. Unemployed. If we did that now the numbers and trends would look increasingly dire.


9 posted on 09/04/2009 3:12:38 PM PDT by allmost
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To: allmost

Bush unemployment was around what 5%?


10 posted on 09/04/2009 3:12:47 PM PDT by Frantzie (Lou Dobbs & Glenn Beck- American Heroes! Bill O'Reilly = Liar)
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To: ExTexasRedhead

or is it that by 2014 we have rid ourselves of all the Rats and Rinos and White House mice, and elected Sarah Palin who played the Reagan card and shrunk taxes and government and stopped the Obama insanity thus ending the GDII and igniting the biggest economic boom yet again in world history?


11 posted on 09/04/2009 3:13:27 PM PDT by jblann1
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To: tobyhill
These are the only 'shovel ready' jobs Americans are going to have if we don't hault the hard-left in this country.


12 posted on 09/04/2009 3:13:42 PM PDT by Boucheau ("Medicine is the keystone of the arch of socialism." - Vladimir Lenin)
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To: Deo volente

Much of the day including - lunch time? I hear you. I just wonder what these people are doing now? Staying at home and eating baloney sandwiches? I guess MC’Ds does not take those food stamp credit cards.

The old physical food stamps created some shame for some people to go out and work harder. The modern credit card looks like a reg CC when you are in line at a grocery store. You cannot tell unless you are paying really close attention.


13 posted on 09/04/2009 3:16:31 PM PDT by Frantzie (Lou Dobbs & Glenn Beck- American Heroes! Bill O'Reilly = Liar)
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To: Frantzie

It was low enough for it to be considered full employment.


14 posted on 09/04/2009 3:18:22 PM PDT by allmost
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To: jblann1

sorry about the run-on sentence, I tried to say that all in one breath : )


15 posted on 09/04/2009 3:18:57 PM PDT by jblann1
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To: tobyhill
Here's a way to get our jobs back: reform our national taxation system to encourage personal savings and capital investment staying in the USA. That right there will mean businesses stay in the USA because of the tax advantage of no more taxes on earning money, and the Rust Belt stops being that as millions of industrial jobs return to the USA under better tax circumstances.
16 posted on 09/04/2009 3:22:27 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: Deo volente

I just came from Food 4 Less on Sunset and every time a long weekend comes up, the Friday noon is usually packed.

Not today at noon. There were no crowds. Also the prices have gone up 30 to 40 cents.


17 posted on 09/04/2009 3:22:48 PM PDT by max americana (i)
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To: Frantzie
Here's something from August, 2006. Notice the numbers, and the tone of the reporting.
18 posted on 09/04/2009 3:23:00 PM PDT by TwelveOfTwenty (Hey Nancy, how many jobs have been lost since you and the Democrats took Congress?)
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To: tobyhill

if they are predicting that far into future then its not going to happen...just more government growth....Im going to plow up my back yard so i can feed my neighbors.


19 posted on 09/04/2009 3:28:56 PM PDT by dalebert
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To: max americana

The Ralph’s supermarket near me is never crowded. There are ususally only three checkers at the busiest times. Shelves are fully stocked, but the Campbell’s Chunky Soups and Progressos are not moving at $2.99 a can. They’ve been priced like that for months now, and nobody’s buying. I’m waiting for there to be a sale and I’ll stock up.
It’s so funny, one of the cereals I like (Quaker Oat Squares) is usually priced at $5.19 (!) a box, and every so often discounted to $2.00/box. It quickly sells out at the lower price. Who’s going to spend five dollars for a box of cereal?

The 99cent Store down the block is always packed, however. Long lines.
The local mall is almost a ghost town. Wal-Mart, though, is full of customers speaking Spanish.


20 posted on 09/04/2009 3:42:16 PM PDT by Deo volente ("By August (1992) I was a communist." Van Jones, Obama's Green Czar.)
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To: Deo volente

You shop at Ralph’s? The only thing I buy there is milk..and eggs if they have the 99c special. I agree with the Campbell’s and progresso’s. That’s also the same price at F4L. The Kroger’s went up 30 cents and usually since today, you could buy 2 for $3. Now it’s $1.88 per.

The 99 cents store in Hollywood is always packed. Where else can you find BBQ chips (BIG bag) and 3 liter pop for a buck?


21 posted on 09/04/2009 3:49:06 PM PDT by max americana (i)
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To: tobyhill

So if this nightmare drags along until 2014, with 20% of would-be workers unemployed, houses lost, businesses shuttered, food banks depleted, honest family men begging in the street in my once-prosperous DC suburb—how is this different from the Great Depression?


22 posted on 09/04/2009 3:55:41 PM PDT by ottbmare (Ein Reich, ein Volk, ein Obama!)
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To: ottbmare

The difference is the MSM has their hero. A hero that has done nothing in his life except do drugs and protest. A hero that has never run a thing except a street corner.


23 posted on 09/04/2009 3:59:08 PM PDT by tobyhill (The Communist has arrived)
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To: tobyhill

Sold my old business and moved to another state. The business model I used is falling flat on its face in the new state I moved to.

I’m tinkering with it and trying to find the right formula, so far with little success.

I deal business to business and am not involved with the consumer market, well, only peripherally.

It’s a tough market - no doubt.

People seem to be afraid and the fear comes from the unknown generated by the fascist pigs in Washington.

People are eating, buying gas, paying mortgages and rent, etc., so it’s not like the market is dead. In fact, the flea markets here are doing huge amounts of business - food, weapons, ammo, clothing, cookware, &&...

This morning I think I found a small niche market I can move into.

If not, I’m looking at smuggling or printing “Have Gun Will Travel” business cards as a career.


24 posted on 09/04/2009 4:02:41 PM PDT by sergeantdave (obuma is the anti-Lincoln, trying to re-establish slavery)
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To: tobyhill

That’s not a difference. Last time they had Franklin Roosevelt.


25 posted on 09/04/2009 4:04:56 PM PDT by ottbmare (Ein Reich, ein Volk, ein Obama!)
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To: ottbmare

I wasn’t around for FDR but with everything I’ve read about him all I can say is, the MSM loves the losers.


26 posted on 09/04/2009 4:07:21 PM PDT by tobyhill (The Communist has arrived)
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To: Deo volente

Unemployment here in L.A. is around 14%.


And then California is about to release 27,000 convicts into the general public. I wonder how they will make a living?/s


27 posted on 09/04/2009 4:13:19 PM PDT by Know et al (Everything I know I read in the newspaper and that's the reason for my ignorance: Will Rogers)
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To: tobyhill

Hmmm, the federal minimum wage was increased in July.

Many on the right opposed the increase on the grounds that it would drive up the unemployment rate among teenagers and young adults.

And that’s what’s happened.

Go figure.


28 posted on 09/04/2009 4:43:53 PM PDT by AC86UT89 (America will endure until its government discovers that it can bribe the public with its own money.)
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To: ExTexasRedhead

If they don’t completely sink us before then.


29 posted on 09/04/2009 6:20:25 PM PDT by SouthTexas
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To: ExTexasRedhead

Now there’s a good plan.


30 posted on 09/04/2009 6:33:52 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: SouthTexas

Politicians that will be thrown out of office can take the shovel ready jobs at their local garbage dumps. I would add that is where they belong or perhaps in the sewer.


31 posted on 09/04/2009 7:04:48 PM PDT by ExTexasRedhead
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To: Know et al
And then California is about to release 27,000 convicts into the general public. I wonder how they will make a living?/s

I don't know, but the L.A. Times had a front-page article the other day about how ammunition sales are going through the roof.

I sense a connection there!
32 posted on 09/04/2009 7:11:35 PM PDT by Deo volente ("By August (1992) I was a communist." Van Jones, Obama's Green Czar.)
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To: tobyhill
how is this different from the Great Depression?

In the Great Depression, mainstream America had faith in Christ.

33 posted on 09/04/2009 7:17:39 PM PDT by Cvengr (Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
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I’m from the Omaha area. Fast food joints are ghost towns but Dollar General and Walgreens are packed. Malls are generally empty.


34 posted on 09/04/2009 9:34:20 PM PDT by ak267
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