Green Energy
From American.com:
A much-needed reminder that despite the recent upturn in the jobs market, there is still an awfully big employment hole to fill, as JPMorgan economist James Glassman points out:
- Unemployment Rate Drops To 7.8% On Lower Than Expected Job Creation Number?
The govt says unemployment dropped from 8.2-7.8% in one month, which is a great performance.It takes over 150,000 new jobs per month to stay even with population growthIf unemployment dropped, we either have to exceed that number or the workforce has...
- Figgers.
IBD: Disability Ranks Outpace New Jobs In Obama Recovery By JOHN MERLINE, INVESTOR'S BUSINESS DAILY View Enlarged ImageMore workers joined the federal government's disability program in June than got new jobs, according to two new government...
- Wreckovery Rant
I don't watch the debates because they infuriate me. Not just the moderators, but the candidates themselves. A pet gripe is their stance on unemployment of course. You hear the idiots say that they don't think people should be paid for sitting...
- The Other Hand
While The White House and Congress and the Media are focused on the debt ceiling mess it is conveniently avoiding talking about and dealing with Friday's big news. 9.2 % (counted) unemployment Only 18,000 jobs created in June 8 million jobs lost during...
- Humbug Ii
Well, this info was seriously fucked up. MSNBC: Nation’s jobless rate jumps to a seven-month high U.S. employers added smaller-than-expected 39,000 jobs in November WASHINGTON — The nation’s unemployment rate climbed to 9.8 percent in November,...
Green Energy
The Obama Jobs Gap is up to 15 million missing jobs
From American.com:
A much-needed reminder that despite the recent upturn in the jobs market, there is still an awfully big employment hole to fill, as JPMorgan economist James Glassman points out:
A useful way to assess the challenge for the US economy is to ask, How many jobs would need to be created to recover the ground lost in this last recession. Focusing only on official unemployment, currently 12,806,000 million are classified as officially unemployed. In a normal, fully-employed economy, the unemployment rate would be expected to be 4.5 to 5.0 percent. In that case, the natural number of unemployed people would be 7 to 8 million, respectively. So, for the unemployment rate to fall from 8.3 percent to 4.5 to 5.0 percent, the economy would need employ 6 million to 5 million people, respectively, of those who currently are unemployed.In other words, to restore the job market to the state it was in back in 2007, before the recession, would require the creation of 14.8 million jobs in today’s terms, a daunting task to say the least.
What about the larger picture that includes the hidden unemployed? How many jobs are needed to restore the ratio of employed people to the total population back to where it was in 2007, prior to the economic downturn. Under normal circumstances, there would be 153,000,000 jobs, including parttime jobs that people hold voluntarily. Currently, however, the number of full-time jobs and those who are holding part-time jobs voluntarily stand at 138,189,000.
- Unemployment Rate Drops To 7.8% On Lower Than Expected Job Creation Number?
The govt says unemployment dropped from 8.2-7.8% in one month, which is a great performance.It takes over 150,000 new jobs per month to stay even with population growthIf unemployment dropped, we either have to exceed that number or the workforce has...
- Figgers.
IBD: Disability Ranks Outpace New Jobs In Obama Recovery By JOHN MERLINE, INVESTOR'S BUSINESS DAILY View Enlarged ImageMore workers joined the federal government's disability program in June than got new jobs, according to two new government...
- Wreckovery Rant
I don't watch the debates because they infuriate me. Not just the moderators, but the candidates themselves. A pet gripe is their stance on unemployment of course. You hear the idiots say that they don't think people should be paid for sitting...
- The Other Hand
While The White House and Congress and the Media are focused on the debt ceiling mess it is conveniently avoiding talking about and dealing with Friday's big news. 9.2 % (counted) unemployment Only 18,000 jobs created in June 8 million jobs lost during...
- Humbug Ii
Well, this info was seriously fucked up. MSNBC: Nation’s jobless rate jumps to a seven-month high U.S. employers added smaller-than-expected 39,000 jobs in November WASHINGTON — The nation’s unemployment rate climbed to 9.8 percent in November,...