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 ...
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?
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?
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.
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.
That’s not a difference. Last time they had Franklin Roosevelt.
I wasn’t around for FDR but with everything I’ve read about him all I can say is, the MSM loves the losers.
Unemployment here in L.A. is around 14%.
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.
If they don’t completely sink us before then.
Now there’s a good plan.
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.
In the Great Depression, mainstream America had faith in Christ.
I’m from the Omaha area. Fast food joints are ghost towns but Dollar General and Walgreens are packed. Malls are generally empty.
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