There was zero job growth in the past decade—the worst ten years on record
Posted on 09/03/2011 7:16:54 AM PDT by SeekAndFind
Judging by the September 2 jobs report, a double dip recession is closer than ever before and that's bad news for everyone still looking for a job.
Even worse than the modest 68,000 jobs analysts expected to see, no new jobs at all were added to the economy this quarter.
Manufacturing shrank by another 3% and unemployment remained a stark 9.1%.
Even the wages for those fortunate enough to be working went down by 0.1%—not a good sign.
As bad as this is there are jobs out there, just be prepared to go up against terrifying odds.
1. If you lose your job today, there's a 70% chance you won't find a job in the next month
2. If you've been unemployed for a year, there's a 91% chance you won't find a job in the next month
3. Two million people have exhausted 99 weeks of unemployment benefits—another four million will do so in 2011
4. In the most optimistic scenarios, payrolls won't return to 2008 levels until 2013—in that time population will grow by 5%
5. More than one in four jobs added to the economy last year were temporary
6. At 2000 participation levels, the unemployment rate would be 13%
7. When you count the unemployed, underemployed and discouraged workers, only 47 percent of the work force is fully employed
8. The number of workers over age 55 has increased by nearly eight percent in three years—no retirement means no hiring
9. 4 out of 10 baby boomers said they will have to "work till they drop"
10. The average length of unemployment is 22 weeks
11. For workers over age 55, the average length of unemployment is 43 weeks
(Excerpt) Read more at businessinsider.com ...
0jugeared Marxist is President.
There are plenty of jobs, we have a massive miss-match of unemployed vs the skills to take the open jobs and the ones being created.
Many of these are going to be oil and gas related blue color jobs with all the support jobs that go with it. Metal Working, Mechanics, Truck Drivers, etc...
These jobs aren’t in the cities where you currently live.
I have a relative that is working in Seattle and many of his co-workers have been laid off, he is in danger of being laid off as well. All it would take for him to get another job, one that pays more relative to the cost of living...is move.
No one wants to move, they want the jobs to come to them!
In many of these cities, these jobs aren’t coming back till 2-3 years after we get a new president. Some of these state policies are as bad as Obama’s, so when the growth comes back, these jobs aren’t likely to come back even then.
I am curious about the “ infrastructure” jobs. Fact or fantasy? I am a humble truck driver. Crossing the country at least twice a month, I see lots of construction, some as far as 27 mile stretches. If infrastructure is going to save us all, I think unemployment numbers would be lower.
Nobody wants to move because they can't sell their homes. They're tethered to underwater mortgages.
I have found that having multiple skills along with a specialized skill such as being a concrete mixer driver has kept me employed at the worst of times.
I am quite possibly either fortunate or less fortunate depending on a persons POW that I grew up without any liberal arts or college degrees, so I wound up being a mechanic all my life, and then I evolved into heavy equipment and then into a narrow field being a concrete batch plant engineer, driver and maintenance supervisor.
No guarantees that college degree or technical school a person saw on TV will get them a job, it comes from a persons heart and soul, its NOT all about just a document saying you are the happy recipient of a continuous brainwashing program in a vague field of something general.
If then.
No one wants to be a worker bee.
Our president is a drone.
Hillary thinks she is queen bee.
Need to clean out the hive.
I agree that the real fix to jobs is relocation. What guys need to look at....simply buy into a small RV trailer and figure to move as necessary for two to three years while this mess gets settled out. The wife and kids can stay in the old neighborhood if necessary....but you have to go where the jobs are located.
RE: I am curious about the “ infrastructure” jobs. Fact or fantasy?
There really is no reason why there shouldn’t be infrastructure jobs. Our bridges and roads everywhere are crumbling (Here in NY State, we have a huge bridge with millions of cars passing by everyday called the Tappan Zee Bridge that needs total repair ).
If the Constitution’s Commerce Clause has any bearing on the Federal Government, INFRASTRUCTURE APPLIES.
The problem is most of the money has been wasted propping up municipal debt and the pensions and benefits of a lot of union workers.
We also have money diverted into such esoteric project as green jobs, green cars, cash for clunkers and the like.
Nobody wants to move because they can’t sell their homes. They’re tethered to underwater mortgages... my house isn’t underwater. My house was bought 17 years ago, hit a high of over $200,00, I owe less than $93,000 and figured I’d sell at $X.00 and move to Belize, to get away from this crap in the USA (which I fought for). Six people told me how much they want this place and agreed to my price, if they could get the money. No banks are lending, thanks to our Communist In Chief.
>>7. When you count the unemployed, underemployed and discouraged workers, only 47 percent of the work force is fully employed
I used to be an Industrial Electrician and I evolved upwards to become an Instrument and Controls Technician. Then I evolved upward to become a SCADA Programmer. None of these jobs require a college degree (but graduation from Naval Nuclear Power School is a big plus!!) and there are more positions available than there are qualified applicants. Big Education has failed America by telling children that skilled tradesmen are losers and only those with a degree will succeed. In boom times, this may be partially true because employers can afford to have fat on their staffs but as the economy declines the only thing that wil guarantee lifetime employment is a good set of skills that will allow an employer to profit. A degree that makes you feel “happy and fulfilled” probably doesn’t make anyone else happy.
I did almost the same thing last time, I got a extended stay hotel and lived out of it for almost a year while I traveled back and forth.
We would have kept doing it longer, but the job was steady and the long distance commute was hell.
This time I am definitely going to need the camper.
The good news is that there are lots of campers for sale dirt cheap right now.
I’ve been watching the job situation in my region and field since 2008, when I had my own difficulties and had to shut my company down, took a job with a customer at a substantial pay reduction, but it’s worked out reasonably well.
What I’m seeing in the Piedmont region of North Carolina, in the advertising, marketing and graphics field, is a lot of fairly high end jobs going wanting and a lot of grossly underpaid entry to midlevel positions. Looks to me as if staff reductions have resulted in very odd skillset requirements that few would have had occasion to acquire, they’re wanting to hire three or four distinct disciplines rolled into one individual, right off the bat. Pay’s good, $60k on up to low 100’s, but they’re not getting filled.
Then, you have the bottom fishers, looking to hire marketing directors with a more realistic skillset, for $14.00 an hour. These disappear quickly, they’re being taken out of despiration, and imho being taken advantage of, just a weird employment picture here, sort of surreal.
>>Nobody wants to move because they can’t sell their homes. They’re tethered to underwater mortgages.
That was the plan. The Central Planners in Soros’ War Room didn’t want us migrating around to stay employed. They need us tied down and begging for handouts for the middle class to abandon the free market in favor of communism.
Yep, been there twice twice. First at 55 then at 63. Both times because the company closed. The only times in my life I was unemployed.
Big Education has failed America by telling children that skilled tradesmen are losers and only those with a degree will succeed.
That is something that citizens need to address. No society has ever been built by people that don’t make things.
They should just cut their houses loose immediately if they can’t make the payments.
Here is the situation:
1. House was purchased for 320k
2. House is worth 220k
3. House payment is 2500
4. House is 3 Months behind in Payments
5. Income is limited to Unemployment Insurance of 1000
The government is doing you a disservice by trying to keep you in the home. They don’t have the discipline for what is needed, but short of the government reducing the principle and wiping out all the late payments, once you are in arrears, it is almost impossible to recover short of winning the lottery or pulling retirement money out.
You have no job....#1 Need Income / Job, UI Insurance destroys your marketability for future jobs, that UI isn’t going to be around for ever. Don’t stay on it no matter what #2 You need expenses that match up to your Job, if your job is 1/2 what you used to make, then you need to have expenses 1/2 what they used to be
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