Jobless Rate Worse Than the Headlines Say

azcentral.com ^ | 9-22-03 | Justin Bachman

[Jim Cane]

And what about the people who aren't looking for jobs cuz there aren't any more?

Ah, yes. The undesireables. We have special retooling camps for their ilk.

If they don't have a job, they must be commies.

[grania]

So who's fault is it that the World is in Recession? Certainly not the Republicans, not Bush.... 'Nuff Said.

I haven't read one post here that blamed GWB and his team for causing the problem. But he's President now, and with one signature he can end the influx of foreign labor, and, in the name of national emergency send home every non-citizen who is doing a job that an unemployed or underemployed US citizen is qualified to do.

[Redwood71]

And it's going to stay that way until the employers get enough money to hire people to catch up with the inflated ninties.

[Jim Cane]

And it's going to stay that way until the employers get enough money to hire people to catch up with the inflated ninties.

[In 2002, the average CEO compensation package equaled $10.83 million according to The New York Times. While pay cuts for the most richly rewarded CEOs reduced the size of the average compensation package, most CEOs actually got pay raises. Median CEO pay increased by 6 percent in 2002—more than twice the growth of workers' paychecks. And while shareholders—including workers who depend on the stock market for their retirement savings and pensions—have lost $7 trillion since the stock market peak, today’s CEO pay packages are roughly equal to their pre-bear market levels.] ~ snip

I'm all for people making lots and lots of money, but the argument that employers don't have "enough" money is a big, smelly pile of poo. Rewarding chicklet toothed jackholes for losing shareholders pension money is a crime against humanity and common sense.

[onemoreday]

.....
.....living free.....
.....................
To me, your post exemplifies everything that is wrong with America.

If "IT" is not happening to you, personally... it might as well not be happening to anyone!

DIVIDE AND CONQUER!!!.....Big Brother's simplest game.

I guess everyone now losing their jobs are INSTANT LIBERALS!!!

......and the prisons are ready for them.

We have all seen to that!!!!!!

So much for "ETERNAL VIGILANCE"..........

[buwaya]

Higher cost of homes - also explained by lower interest rates and easier credit.

[Scott from the Left Coast]

Simple, just don't put those qualifications on your resume. Problem solved.

Hardly. When you've only had high level professional jobs for your entire career, it's not so easy just to leave something out. It'd be a matter of leaving everything out. It wouldn't be so easy explaining the 23 year gap in employment since grad school. Or perhaps you recommend I try identity theft as a part of my job hunt?

[CMClay]

When you are out of work your unemployment rate is 100%

[JNB]

For housing, one also has to keep in mind while the house was smaller, the lots were bigger, so it sort of comes out in the wash. As for the anti sprawl regulations, you have a good point, but some areas were more impacted than others in this regaurd. None the less, the median purchasing power has been in decline for about 30 years. Yes, the credit standards being a bit looser has helped blunt this impact of loss of purchasing power and kept the economy going, but this situation can not last forever.

[buwaya]

Engineer - technician
Management - clerk

etc.

Its not hard.

[buwaya]

p.s. - don't mention grad school.

[JohnSmithee]

"Simple, just don't put those qualifications on your resume. Problem solved."

Hardly. When you've only had high level professional jobs for your entire career, it's not so easy just to leave something out. It'd be a matter of leaving everything out. It wouldn't be so easy explaining the 23 year gap in employment since grad school. Or perhaps you recommend I try identity theft as a part of my job hunt?

---

Surely you can think of ways to be creative with your resume. If you are applying for a burger flipping job, no one wants to see a resume anyway. Just fill out an application. If you need the money you may have to just lie until something better comes along. It sounds like you are making excuses.

[JohnSmithee]

"Engineer - technician
Management - clerk

etc.

Its not hard."

Exactly.

[buwaya]

Some places were very much affected by anti-sprawl legislation, and numerous other regulations besides. These are the very places that pushed the median price up the most. Home prices at least doubled in the SF Bay Area 1996-2001 for instance.

The low interest rates are probably the second biggest culprit. My home has doubled in market value since we bought it, but we could have bought it yesterday at its present value paying about as much monthly (leave out property tax and insurance) as we did then.

[Scott from the Left Coast]

So...what you are telling me is that instead of saying I ran programs and agencies I should say I worked in the mail room? I can just see it, they call to check on my employment and ask, "Did Scott work as a clerk there from blank to blank?" "No, he was the Executive Director".

You know people, lying on your resume is just about the stupidest thing you can do. Because it is the easiest damn lie to discover. Everyone checks on the past employer. I have hired hundreds of people over the years, if my Human Resources Director had come to me without checking on the past employment...checking the veracity of the resume... Before An Interview, I'd have fired him!.

[buwaya]

Not everyone is as careful as you.

You don't even have to mention your exact position -
1990-1995 - Multicorp - Sales

And the only questions they are permitted to answer these days (according to our company policy, it must be common) is whether or not he worked here from xx to yy. Yes or No.

[SauronOfMordor]

Lots of people have very light jobs, while they futilely wait for their good jobs to come back, for IT jobs to open up, or for their factories to return from asia.

One positive sign for very senior IT people: some firms are starting to "cherry-pick", hiring senior people for junior-level jobs, on the viewpoint that the IT job market won't improve soon, so they might as well get good people for their slots. I got hired on a junior-level slot. I make a third of what I did, but I'm working in my field, and its enough to pay my bills right now

[The_Media_never_lie]

Telemarketing is a better than no job.

[Scott from the Left Coast]

I have no need to make excuses for myself. And I DON'T LIE. No one ever achieves anything worth having by lying. If I was the kind of person who would lie about myself, I wouldn't want to hire me. And if anyone was stupid enough to let me lie and not check things out in advance, I wouldn't want to work for them anyway. It's the easiest damn lie in the world to catch, I've caught it myself over the years many times when hiring, almost always going in the other direction. But EVERYONE who is worth anything checks the previous employer.

[JNB]

The artifically low intrest rates causing the real estate bubble are going to prove to be a long term policy disaster. I hope history will show how hapless and clueless Greenspan was.