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A Haunting Graphic–The Average Duration Of Unemployment in the U.S.
Posted in * Culture-Watch, * Economics, Politics, City Government, Consumer/consumer spending, Corporations/Corporate Life, Economy, House of Representatives, Labor/Labor Unions/Labor Market, Office of the President, Politics in General, President Barack Obama, Psychology, Senate, State Government, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government
9 comments on “A Haunting Graphic–The Average Duration Of Unemployment in the U.S.”
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God forgive me for whining about my second job.
So I’m not the only one who has been unsuccessful in becoming re-employed. Gosh, what a surprise.
If the “average” unemployment duration is at about 40 weeks (which is really really bad), why do we provide 99 weeks of benefits? It seems like 80 should be the maximum…double the average. .
S&TN;: in the hopes the swelling ranks of those receiving 99 weeks of govt checks will vote democratic in the next round of elections.
Now that the tech bubble has burst (in the early 2000s) and manufacturing jobs have moved overseas/become redundant because of increased efficiency, what good jobs can we really expect to see in the next few years? Add this to a government that discourages innovation through increased regulation and licensing, and the situation seems dire to me. Half the jobs added last month were McDonalds hires. The service sector may be the next bubble, because many service jobs (such as waiters at higher end restaurants) don’t pay enough to allow their employees to actually shop at their own places of business. When all the jobs in an area are service, the system collapses. Rather than tackling the real issues at hand, the government will just print money and loan Wall Street and foreign banks more money at lower interest rates, which as we know hasn’t worked very well so far (although it has driven up food and energy prices).
[i]what good jobs can we really expect to see in the next few years?[/i]
That will be determined by who we elect as President in 2012.
The fact of the matter is, we produce so little of what we use that the manufacturing field is absolutely wide open. Just get the govt out of the way and let the entreprenuers take over without punishing success.
I’m in construction and one of my subcontractors does painting. He can’t hire people who are experienced. He pays $18 per hour but they are getting $10 per hour on unemployment plus working in homes for cash on the side. The gig is good for two years
First, Johnson’s Great Society programs stimulated the growth/expansion of the “underclass'” in the major urban centers. An “underclass” that defensively and resentfully has set/sets itself aside from the mainstream of society.
Now, the left-wing of the Democratic Party seems ‘bent on’ expanding the “underclass” through
vastly extended unemployment benefits, discouraging economic growth,
encouraging envious attacks on those of us who earn more money than others and who innovatively stimulate economic growth, and creating a general expectation that “big government” run by a political elite is the solution to financial security for the “underclass.”
I regret to hear that you are going through this in USA. Our thoughts and prayers are with you. Here in Australia, a similar problem is growing, although often not highlighted by the media. We will also be in need of prayer.