The Unemployment Situation

[Marx]

Well, looking at that chart its going to be a hell of a lot worse, and we are barely in it...

...

 

[8wid]

This is going to be a hell of a decade...

 

[Ocramed]

It's so depressing to be 32 and hear on the news non stop that it's going to take 6-8 years or more to recover. I'll be 40 frigging years old by the time that happens in order to be able to afford to save money and buy a house or something. I almost feel like taking the small amount of money I have now and letting it ride on lotto tickets.

You think that's bad? Because of my student loan, I may have to work in the Middle East as a civilian contractor, in order to pay back debt quickly. I'll know within a week if I got the job, but it's a shame that I have to go through all this just to earn some money, when I much rather stay home and get a career in something that I actually went to school for. SHEESH!

 

[hopefuldreamer]

You know, over in England, they just released figures that out of the 400,000 jobs created last year, 90% of them went to foreign workers...

Another fun fact - my friend, who has been on benefits for years, just got a £4,000 back payment because of some screw up they'd made.

 

[Paradoxium]

If Obama wants to bump up employment numbers, he should just slow down immigration to a grind. Might be politically unpopular in some corners and it wont solve anything. But it would work because of basic math. I wonder if he will resort to that to give himself a boost.

 

[Kelly]

Doubtful...he has to have the hispanic vote in order to win in 2012....or at least the a good majority of it.

The Hispanic and the Independent vote is extremely important to a win in 2012 for him.

 

[Belvedere]

You know, over in England, they just released figures that out of the 400,000 jobs created last year, 90% of them went to foreign workers...

Another fun fact - my friend, who has been on benefits for years, just got a £4,000 back payment because of some screw up they'd made.

That's because the work ethic amongst many English people over here is frankly pitiful. Not to mention that many believe that certain jobs are simply below them.

Immigrants work harder, for longer and don't have ten cups of tea whilst doing it.

 

[hopefuldreamer]

That's because the work ethic amongst many English people over here is frankly pitiful. Not to mention that many believe that certain jobs are simply below them.

Immigrants work harder, for longer and don't have ten cups of tea whilst doing it.

Couldn't agree with your more.

I know WHY the situations happened.

What I don't know is why it is being allowed to continue...

 

[wiegeabo]

That's because the work ethic amongst many English people over here is frankly pitiful. Not to mention that many believe that certain jobs are simply below them.

Immigrants work harder, for longer and don't have ten cups of tea whilst doing it.

The same is true for the US. People would rather be unemployed than take a job 'beneath' them.

The last figure I saw a couple of months back were that there were 3 million open jobs in the US. I'm looking at this economy with it's 9-10% unemployment and wondering...why?!

 

[runawayboulder]

You think that's bad? Because of my student loan, I may have to work in the Middle East as a civilian contractor, in order to pay back debt quickly. I'll know within a week if I got the job, but it's a shame that I have to go through all this just to earn some money, when I much rather stay home and get a career in something that I actually went to school for. SHEESH!

That's.......well all I can say is best wishes. I couldn't imagine going over to that insanity right now for a living (as a civilian of course).

 

[hopefuldreamer]

The same is true for the US. People would rather be unemployed than take a job 'beneath' them.

The last figure I saw a couple of months back were that there were 3 million open jobs in the US. I'm looking at this economy with it's 9-10% unemployment and wondering...why?!

Personally I don't know if it's just because it's beneath them...

I know a lot of people who are literally better off financially if they DON'T get a job.

Most of the jobs you can get around here (small town in Somerset) are part time care work. I know because I run the Jobs section of our local newspaper. And every week there are maybe 3 or 4 carer vacancies advertised... maybe a part time bar staff... and the occasional manager... and like NOTHING in between.

I have a few friends who have been told by the job centre to try for jobs 20 miles away. It'd be a £7 return trip on the bus, 1hr and a half each way every day, for a minimum wage job? How could anyone afford that?

 

[Marx]

In today's economy, you really do have to take gas prices into account when looking for a job. If you're spending what you make in gas, it's not worth it.

 

[terry78]

Basically you're lucky to break even when you get a job. So long as they don't owe anything, most people are fine with it.

 

[Kelly]

If you are only breaking even with your job.....you might want to find a new job. If you are solidly in your career, then some type of savings is in order IMO.

If you aren't solidly in your career, and still working that direction that is a different situation.

 

[Marx]

Cisco Systems just announced that they will be cutting 10,000 positions.

 

[Paradoxium]

http://townhall.com/columnists/patbuchanan/2011/07/12/black_america_vs_obama

In 2007, best year of the Bush era, white households had a median net worth of $134,280, compared with $13,450 for black households.

By 2009, the median net worth for white households had fallen 24 percent to $97,860. For black households, it had plummeted 83 percent to $2,170, a near wipeout.

Another accomplishment by Obama? t:

 

[terry78]

Cisco Systems just announced that they will be cutting 10,000 positions.

That's one of our VAR's in regards to the IP phones we sell too. Hope it don't hurt us.

 

[chaseter]

http://townhall.com/columnists/patbuchanan/2011/07/12/black_america_vs_obamaAnother accomplishment by Obama? t:

I remember all those videos of reporters going out asking people why they would vote for Obama and one lady was saying he was going to pay her rent and another said she wouldn't have to worry about bills. Then, they all start chanting OBAMA, OBAMA, OBAMA!

 

[Marx]

That's one of our VAR's in regards to the IP phones we sell too. Hope it don't hurt us.

I hope it won't have too much of an effect on you.

 

[bell110]

The same is true for the US. People would rather be unemployed than take a job 'beneath' them.

The last figure I saw a couple of months back were that there were 3 million open jobs in the US. I'm looking at this economy with it's 9-10% unemployment and wondering...why?!

Unfortunately, 3 million is less than 1% of the American population. You have to figure with that 3 million that jobs are constantly being filled and lost, and also some jobs don't get filled because of lack of qualified candidates.

http://townhall.com/columnists/patbuchanan/2011/07/12/black_america_vs_obamaAnother accomplishment by Obama? t:

I like how he takes Bush's "best" year, seven years after he's been in office, and compares it to only one year after Obama took office, which was also in the mist of the recession.

Oh Pat, you so crazy.

 

[wiegeabo]

Unfortunately, 3 million is less than 1% of the American population. You have to figure with that 3 million that jobs are constantly being filled and lost, and also some jobs don't get filled because of lack of qualified candidates.

Except that not all 300 million people are looking for jobs. The number of unemployed is around 14 million which is around 9-10% unemployment. Since that puts full employment at 140 million, if those 3 million jobs were filled, that would take the unemployment rate down to less than 8%.

Than there's the economic boost that come with 3 million new paychecks being spent, saved, and taxed.

 

[bell110]

Except that not all 300 million people are looking for jobs. The number of unemployed is around 14 million which is around 9-10% unemployment. Since that puts full employment at 140 million, if those 3 million jobs were filled, that would take the unemployment rate down to less than 8%.

Than there's the economic boost that come with 3 million new paychecks being spent, saved, and taxed.

Something is not adding up for me. Could you reword what you are tring to say?

 

[wiegeabo]

Something is not adding up for me. Could you reword what you are tring to say?

The population may be 300 million, but not everyone is looking for work (like kids, homemakers, retirees, etc)

There are about 14 million unemployed, and the unemployment rate is hovering in the 9% range. I rounded up to 10% to make the math easier. Using a little algebra, that means there are 140 million potential employees.

If those 3 million jobs are filled, that should mean there's only 11 million unemployed. 11 milling divided by 140 million is 7.85% unemployment. There's a little give and take because the numbers aren't exact.

 

[bell110]

Ok, I see.

Still, I question how many of those 3 million jobs are either rotating job openings and specialty jobs that can't get filled.

 

[Marx]

What is sad is that the unemployment rate does not include those who have given up looking for right now or those who are underemployed. If those two factors were taken into consideration, I'd say the rate would easily be 15 percent or higher.