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For many unemployed workers, jobs aren't coming back ( grim prospect long term unemployed)
Los Angeles Times ^ | 09/05/2010 | Alana Semuels

Posted on 09/05/2010 7:59:14 PM PDT by SeekAndFind

The U.S. economy will eventually rebound from the Great Recession. Millions of American workers will not.

What some economists now project — and policymakers are loath to admit — is that the U.S. unemployment rate, which stood at 9.6% in August, could remain elevated for years to come.

The nation's job deficit is so deep that even a powerful recovery would leave large numbers of Americans out of work for years, experts say. And with growth now weakening, analysts are doubtful that companies will boost payrolls significantly any time soon. Unemployment, long considered a temporary, transitional condition in the United States, appears to be settling in for a lengthy run.

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"This is the new reality," said Mark Zandi, chief economist at Moody's Analytics. "In the past decade we've gone from the best labor market in our economic history to arguably one of the worst. It's going to take years, if not decades, to completely recover from the fallout."

Major employers including automakers and building contractors were at the core of the meltdown this time around. Even when the economy picks up, these sectors won't quickly rehire all the workers they shed during the downturn.

Many small businesses, squeezed by tight credit and slow sales, similarly aren't in a hurry to add employees. Some big corporations are enjoying record profits precisely because they've kept a tight lid on hiring. And state and local governments are looking to ax more teachers, police officers and social workers to balance their budgets. Meanwhile, U.S. legislators have shown little appetite for a new round of stimulus spending.

It all points to a long slog for the nation's unemployed.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: jobless; jobs; longterm; unemployment
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To: SeekAndFind

Chrisy Matthews wants everyone getting unemployment check to vote for a DemocRAT this November.

21 posted on 09/05/2010 10:23:26 PM PDT by OrioleFan (Republicans believe every day is the 4th of July, democrats believe every day is April 15.)
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To: 2banana
You want jobs to come back to America?

1. Outlaw public unions
2. Reduce government and regulations
3. Reduce government taxes especially corporate taxes
4. Massive tort reform
5. School choice

Or in a nutshell - everything that democrats support and gain their power from destroys jobs...


I agree with that

What's standing in the way of the self-correcting mechanism?

Not what, but who?

Answer: The turd-in-the-punchbowl president, the Speaker of mumbo-jumbo Pelousy & Senate Majority Leader Harry Odious-Ridiculous.

The 'Three Stooges' from hell.

The 'working man' has been pushed into a corner. His savings are gone, his children's futures are being destroyed for no good reason.

There can be no doubt that what Obama seeks is to overthrow the Constitutional Republic that we have enjoyed for the past 230+ years.

Look at what we have become in 18 months.

Obama, the king and master of nothing, kills America financially and when the economy realizes some growth again, those waiting to get rehired as managers and engineers start to find they have to work two jobs as cashiers and janitors.

Barry must be thrilled. Time for some hoops. Time for some ice cream. Time for a swim. Up yours America.

And so, we're in deep, deep economic trouble. And these liberals are going to friggin' sing and dance along, all the way, as they dance off a cliff.



Liar = Obama.

Cheater = Feds.

Thief = Congress.

Con artist = Piss-Stream Media.

Throw 'em all out.

22 posted on 09/05/2010 10:31:10 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: SeekAndFind


Gett’n a head fake,
watchin' msn’s take;
All of their pundits oozing foul oil.
Clean’n my six gun on my front porch swing.
Felling my blood--
It’s beginnin' to boil.

Wasted away again in Obamaville,
Searchin' for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know it's Obama’s fault.

There’s no rhyme or reason,
They are all commitin’ treason
With nothing to show but a brand new tax or two.
But they are real beauties,
Despotic duties, how they got passed
I haven't a clue.

Wasted away again in Obamaville,
Searchin' for a job so I can earn my salt.
Some people claim that it’s Bush we should blame,
Now I think,-- hell with them it’s Obama’s fault.

I blew out my flip flop,
Stepped on a pop top;
Cut my heel, but I just cruise on back home.
Because no medical care will the doctors render
They say there’s little service I can tender
And there’s no need for me to hang on.

Wasted away again in Obamaville
Searchin' for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know, it's my own damn fault.
Yes, and some people claim that Bush is to blame,
And I know because of my vote it's my own damn fault damn fault.

23 posted on 09/05/2010 10:54:46 PM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: 2banana

Not sure we want to take a race to the bottom to compete with China and India. We need to pull out of the world trade agreement crap and trade as it serves our people and economy.

24 posted on 09/06/2010 12:05:15 AM PDT by SaraJohnson
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To: chris_bdba
The moment buisnesses knew Obama was going to be president they started elimanating jobs.

The TARP stuff, stampeded by RATs and RINOs under Bush, was enough to worsen a mild recession into something more serious. Now 0bama has dumped a tanker of gasoline on the smoldering fire, and has more on the way. Commerce and finance headed to the bunkers, and we have to look to our own safety too while 0bama and his minions try not only to wreck the economy, but the entire society.

What happened was the wildest wet dream of liberals came true. They have a cipher for president, and now claim limitless power above and beyond the Constitution. No matter what they claim, everything they've done so far has been bad for America, but good for them, as they see it.

They've come to the point that they may not need to worry about 2012. They've done such a good job that they've wrecked more and faster than they ever imagined. They could lose everything in November, and feel that they will rule by decree forever.

After November, they will either submit to the rule of the American people as expressed in the Constitution, or detonate the suicide belts they have unwittingly made for themselves, while trying to get the other guy to go first.

25 posted on 09/06/2010 2:29:03 AM PDT by 300winmag (Overkill never fails)
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To: MuttTheHoople

My wife And I have both been unemployed for nearly two years. There is no assistance for us because we own a house and now may have sell it just to pay for my medical, I have been battling cancer. I need my meds and treatments to survive and we only have my unemployment left. With just my little bit of that income we can’t even afford it.

We too have gone from 6 figures to barely nothing, we were lucky to lease our house and move in with her sister, but have no way to pay my next cobra payment. We pray she gets a job in the next few weeks. But after two years of trying I’m not holding my’ll be the same old story, she’s over qualified and no one is willing to hire her for fear she’ll leave if a better opportunity arises.
Summer of recovery my arse......Obama sucks!

26 posted on 09/06/2010 2:44:48 AM PDT by StayoutdaBushesWay
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To: StayoutdaBushesWay
it’ll be the same old story, she’s over qualified and no one is willing to hire her for fear she’ll leave if a better opportunity arises

Which it might, in what... a decade or so? It is to laugh so as not to cry.

27 posted on 09/06/2010 2:46:55 AM PDT by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: ExtremeUnction

yep, and all the old farts will be stealing from the future. this system will be collapsing quickly.. unless by some miracle, the baby boomers all kick off.

28 posted on 11/17/2010 8:37:26 PM PST by Silicon Cowboy
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