CHART OF THE DAY: The Scariest Jobs Chart Ever Is Now Scarier Than Ever

Business Insider ^ | July 8, 2011 | Joe Weisenthal

[TomGuy]

For the most part, I complete on-line job apps, then never hear back from anybody, ever.

During my professional work career (70s-90s), I typically got a 3% response [interviews] during recessionary periods.

During one non-recessionary summer, I got 3 job offers [from previous interviews] and 2 interview requests all on the same day.

[Tanniker Smith]

That chart!
Isn't that the infamous "hockey stick" global warming chart?

Hockey Stick unemployment!! Start the meme!

[TomGuy]

That’s the real reason our economy is in the crapper, and everyone is “Going Galt” in every which way they can figure out how to until things change.

Large corporations can and are moving things outside the US.

Small companies don't have that luxury. Yet, when the turnaround does come, it will be from those small companies hiring that will cause much of the 'local' growth.

==

In the mid-80s recession, some at the company of 300 employees tried to get unionized. Union agitators from out-of-state came in and did their bullying.

One day, I happened by searching through documentation in the Contracts Office (part of my job), and I saw a memo from the foreign parent company to our company president. Basically, the memo said -- If they vote the union in, close the plant down. [Few employees at the plant knew that was in the cards.] They did, however, vote down unionizing by a small margin.

[yldstrk]

I agree, unless you are a Union member who gets more not to work than to work, most would rather work

[yldstrk]

That’s BS

[savedbygrace]

During my working life, I’ve never had to apply at more than one place before landing a job.

This is different, though, dramatically different.

[algernonpj]

“It is easy to say “get a job” if you are employed. During major recessions, getting them is just not always that easy. Many factors — age, location, qualifications (over or under), etc. — impact hiring.”

Agree...but there is still that correlation that shows people have a tendency to ‘find’ jobs very quickly after ‘the money runs out’ (I think 5 weeks). It’s hard to explain any way other than what I posted.

Those studies were done in the past and do not apply to our brave new world. While we have always had slackers, we now live in a world in which professionals as well as manual laborers compete with illegals and guest workers who often pay no or partial taxes, yet are eligible for our safety net.

In June, 2011 - Table A is:
The non-institutional civilan population increased by 176,000.
The civilian labor force decreased by 272,000.
Those employed decreased by 445,000.
Those not in the labor force increased by 449,000.

From Table A-1:
Of the 89,069,000 not in the labor force, 5,537,000 currently want a job.

From Table A-8:
8,738,000 worker part time for economic reasons

125,000 new legal workers (guest workers and green cards) enter the US each month for an annual total of 1,500,000.

Per PEW 8 million illegals have jobs, many at salaries so low that they are subsidized by tax payers.

[algernonpj]

During my working life, I’ve never had to apply at more than one place before landing a job.

This is different, though, dramatically different.

saved by grace,

Your experience mirrors mine any many others. I noticed a softening of the job market late in the 1990's. As an IT contractor, it still took only 1 - 2 interviews to land an assignment until 9-11. The job market never really recovered after that. Rates have dropped by at least 1/3. Currently the job market is non existent. Our Globalist chickens have come to roost!

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[jpsb]

I lost my job in oct 2008 almost to the day on my 60th birthday. When the great reccession hit a few months later I knew at 60+ I would never land a programming job again. So I decided to “retire”. Sucks but a have a few small enterprises going and my house is paid for so I concider myself lucky.

[ex-snook]

Where have all the good jobs gone, traded away every one.

[jpsb]

From another thread,

Back in the late 80’s early 90’s the ruling class bought into the idea of the global economy. In order to compete with the Asian Tigers the USA needed it's own cheap labor pool thus NAFTA was formed and large multi nationals based in the US could utilize cheap (relatively) Mexican labor. Remembers that giant sucking sound? The results of NAFTA were somewhat encouraging (to the ruling class) so next on the globalist agenda was Chinas' huge market with plenty of really cheap labor. So China was brought into the global economy via perminate Most Favored Nation Status and entry into the World Bank. Well so far all is good for the ruling class, the ruling rich are getting really rich. But the American middle and working class have been priced out of the global economy. Until US labor is competitive with Asian labor job loses will continue.

It really simple, there is a over supply of cheap labor in the world and no one wants to use high priced American labor, all other things being equal. If your job (if you are lucky enough to have one) can be off shored or done by a robot the clock is ticking.

Soon the BIG adjustment for American labor will be upon us (You ain't seen nothing yet). Right now the Gov is subsidizing the American life style with borrowed money. But that can't go on much longer and when that collapses we will be face to face with what our ruling class, both D's and R's have done to us. It will not be pretty and payback will be a b*tch.

[ex-snook]

Thanks, recommended reading. Truth will be a b!tch.

[P.O.E.]

At the risk of sounding like a broken record:

There should be more talk about MARGIN.

The cost of marginal effort continues to mount - regulations, taxes, lawsuits, and all other kinds of uncertainty.

This limits growth on the hiring side of the equation.

On the working-man’s side of the equation, the marginal benefits of working are shrinking - look at how many millions of people collect all kinds of goodies from the government. Obviously we want to help the old, infirm, etc. But we pay (via entitlements) way too many people to do nothing.

[BobL]

“That’s BS”

Constructive comment, thanks.

[algernonpj]

... look at how many millions of people collect all kinds of goodies from the government. Obviously we want to help the old, infirm, etc. But we pay (via entitlements) way too many people to do nothing.

Not only that, but we import/do not deport people to whom we pay entitlements. Freebies for anchor babies, illegal aliens, brand new immigrants. and their extended families have cost billions upon billions for many years.

Per Fair, using the completely outdated number of 13 million illegals, they cost US tax payers a net total of $100 Billion per year; using the still conservative number of 30 million illegals, the net cost is $ 231 Billion per year. That $31 Billion is split into $ 66.99 Billion at the Federal level, and $ 195.5 Billion at the state and local level. AND these figures do not include the costs of brand new immigrants on the dole or 'guest workers' who often pay no or partial taxes while having access to our safety net!

[Paladin2]

Thanx.

[DeaconBenjamin]

Don't forget how Pelosi and Reid campaigned in 2006:

Worst Job Records Since The Great Depression?
November 5, 2006

Nancy Pelosi comes out of hiding to drop this little pearl of wisdom on us:

While we are glad there is some good news for the American people, this jobs report does not fundamentally change the fact that President Bush’s handling of the economy is not good for America’s middle-income families,” Pelosi charged in a statement released after the Labor Department put out its October numbers.

“The President has the worst jobs record since the Great Depression, and the economy is slowing due to the housing slump. The budget and trade deficits as well as public debt levels have all climbed to record levels,” Pelosi said.

Worst jobs record since the Great Depression? Let’s analyze that a bit.

First, a run down of recent economic data:

Unemployment down to 4.4%.
92,000 new jobs created in October.
470,000 new jobs over the last three months.
Our economy has now added jobs for 38 straight months.
Real, after-tax income has risen by 9.8% in the last six years. That’s $2,660, on average, that’s staying in the pocket of every single American rather than going to the government in taxes.

Worst Job Records Since The Great Depression?

[Doe Eyes]

What’s the difference between the Red side and the Blue side?

[Yo-Yo]

That chart Shows the net jobs lost (below the zero line) or jobs gained (above the zero line) for each month.

The Red side is during Dubya’s term, and the blue represents Zero’s reign. It’s supposed to prove that Zero is the savior by turning job growth around.

But he seems to be losing steam.