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CBS: Chronic unemployment worse than Great Depression
hotair.com ^ | 6-6-11 | Ed Morrissey

Posted on 06/06/2011 9:34:07 AM PDT by Justaham

The media began the weekend making unfavorable comparisons between Barack Obama’s economy and the Great Depression, and now they’re beginning the week with another one — and this one’s more accurate. CBS delved into the jobless numbers and discovered that the percentage of unemployed who have been out of work for more than six months now exceeds that of the 1930s economic collapse:

There is an unfortunate adage for the unemployed: The longer folks are out of a job, the longer it takes them to find a new one.

CBS News correspondent Ben Tracy reports that the chronically unemployed face the hardest road back to recovery, and that while the jobs picture may be improving statistically on a national level, it is not for them. …

About 6.2 million Americans, 45.1 percent of all unemployed workers in this country, have been jobless for more than six months – a higher percentage than during the Great Depression.

(Excerpt) Read more at hotair.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; greatdepression
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To: RegulatorCountry

My husband and boss hired a woman who sounded good, said all the right stuff etc.. What they didn’t know is she is a chronic abuser of FMLA. From my understanding, this is a serious issue to many employers (perhaps you would know that better than me). Currently, they have two FMLA abusers and there is little to be done about it. They have to document the time and it has to reach a huge amount before they can be relieved of their employment. Of course, this little bit of info couldn’t be told to them by her current employer.


41 posted on 06/06/2011 6:16:48 PM PDT by momtothree
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To: momtothree

I guess I’ve been lucky in 20 years of hiring, only got one bad apple during that whole time, who constantly attempted to set up racial bias or sexual harassment claims. She never did succeed with us, but did get her previous employer and her next employer, I found out well after the fact. Fairly lucrative, it sounds like. Settled almost without exception. Talk about putting an office on pins and needles.


42 posted on 06/06/2011 6:24:24 PM PDT by RegulatorCountry
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To: momtothree

Forfeit. Once you trade down it’s nearly impossible to get back up.
An accountant who gets a job flipping burgers,
can only get a new job... flipping burgers.
Been there, done that.
That’s my answer to those smarter than thou who are telling me that “there are jobs out there”.


43 posted on 06/06/2011 6:29:44 PM PDT by Revolting cat! (Let us prey!)
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To: Revolting cat!

Then the unemployment rate is even far more disturbing to me than before. It puts a person between a rock and a hard place. Out of work then you won’t get a job. Don’t find a job equal to the one before then you won’t get a similar job in the future. I am sorry that has happened to you.


44 posted on 06/06/2011 6:32:15 PM PDT by momtothree
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To: Justaham

I guess the scheiss is hitting der lüfter, and the MSM is forced to note (without naming names, of course, it’s still Bush’s fault!)


45 posted on 06/06/2011 6:33:52 PM PDT by Revolting cat! (Let us prey!)
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To: Justaham

And the fix was so easy to see:

Lower corporate taxes, do away with taxes on profits earned overseas - trillions would have been repatriated, hold off on new regulations, discourage, through legislation perhaps, if not through public campaigns, outsourcing of jobs overseas.

Not only easy to see but proposed by many on the pages of the WSJ and other outlets. Proven methods free of any political left right ideologies.

But we have two parties (one and a half, really) in the pockets of big business, of big unions, of status quo. One big corrupt banana republic. Hello, Argentina, sorry we’re late following you!


46 posted on 06/06/2011 6:42:11 PM PDT by Revolting cat! (Let us prey!)
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To: Revolting cat!

Can you volunteer your services for a charitable organization or something, to keep your hand in it, list that on your resumé? Keep the emergency trade down job but still be an accountant? Some employers would look favorably upon it, community involvement, determination. It’d help if the burger-flipping was second shift with days free, but I could see that turning things around.


47 posted on 06/06/2011 6:42:17 PM PDT by RegulatorCountry
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To: RegulatorCountry

I’m not in the game any more, but it’s happened to me (from IT to hellish tech support, with no way back into IT, until a lucky break happened from an unprejudiced expat European, no less.)

Still, it is practically impossible, out of one’s IT or any computer related job, to keep one’s skills up to date. In fact, staying at such a job you won’t keep your skills up to date doing what you’ve been doing for the past several years. Your employer is your benefactor upon whom you depend for new technologies and new learning experiences. Take a course at a community college? It won’t help you find a new job, two years of experience is always required. Again, been there, done that.


48 posted on 06/06/2011 6:51:46 PM PDT by Revolting cat! (Let us prey!)
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To: Revolting cat!

I’m no IT guy but am occasionally forced to act like one. I’m with a smaller company now, they’re a former customer of mine, had to shut my business down in 2008 due to the economy.

We’re still on XP, still rely far too heavily upon an AS/400, too. The whole world’s not bleeding edge, most of it lags behind, some lag way behind due to industrial software that is not supported beyond a certain OS, which is the case with the company I’m with now.

I guess I’m trying to hold out hope for people who feel trapped. The working world is not at all uniform.


49 posted on 06/06/2011 7:00:42 PM PDT by RegulatorCountry
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