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A job is becoming a dim memory for many unemployed Americans



Published: Thu, October 6, 2011 @ 8:05 p.m.

WASHINGTON (AP) — For more Americans, being out of work has become a semi-permanent condition.

Nearly one-third of the unemployed — nearly 4.5 million people — have had no job for a year or more. That's a record high. Many are older workers who have found it especially hard to find jobs.

And economists say their prospects won't brighten much even after the economy starts to strengthen and hiring picks up. Even if they can find a job, it will likely pay far less than their old ones did.

The outlook is unlikely to improve on Friday, when the government issues its monthly jobs report. Economists predict it will show that employers added a net 56,000 jobs in September.

That's far fewer than needed to reduce unemployment. The unemployment rate is expected to remain 9.1 percent for a third straight month.

Federal Reserve Chairman Ben Bernanke last week called long-term unemployment a "national crisis" and said it should be one of Congress' top priorities.


Comments

1madison2011(92 comments)posted 2 years, 11 months ago

Unemployment has been a "National Crisis" For Years.

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2piak(508 comments)posted 2 years, 11 months ago

If the Big O stays in office much longer, jobs won't be a memory....they'll be a legend.

Most people work for small businesses. But those businesses are beset by OSHA and other federal regulators. Taxes are a big problem for them, enough that they have to figure it close to consider hiring another employee.

And there's those who have the money, but are not eager to invest it in work or in stocks because of all the uncertainty caused by The Big O. Tax them out of their money? They'll see it as confiscation. Litigation, tied up in court sound like the route that legislation will travel.

Some people complain about the Big O always campaigning. Maybe that's a good thing. At least when he's giving his speeches to audiences in Blue states, he's not hatching up more ideas that will scuttle the economy further.

Maybe this is his plan. We'll all become socialists, fully initiated in this idea, so we'll all stay home and collect our various checks. The money will come from taxes. And the taxes will be paid by the rich. And after the rich are plucked clean then by the...government officials who have all the money by now? Naw...that won't happen.

Will it?

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3theoldwrench(243 comments)posted 2 years, 11 months ago

Where are these jobs you tell everyone to get 100 of thou. would like to know.You think everyone but you and your kind are lazy moutchers. I will gladly forward these job listing once you post them But I won't hold my breath. Becaue right now the JOB MAKERS And Repub are hold holding this country hostage till they get what want They promised if they got their tax extintion there would be jobs Still waiting on those.

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4theoldwrench(243 comments)posted 2 years, 11 months ago

Still waiting on those job listings

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5theoldwrench(243 comments)posted 2 years, 11 months ago

Dodge where did I say I agreed with every thing Your like baucman every thing is about obamacare. Yes I am a dummy been called that all my life mostly by mostly by sunday christins till I left for the army everything i did revold around the church only good thing the did teach me was to think of my fellow man Unlike many of the me me me people Ive Read many posting on here

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6theoldwrench(243 comments)posted 2 years, 11 months ago

Dodge where did I say I agreed with every thing Your like baucman every thing is about obamacare. Yes I am a dummy been called that all my life mostly by mostly by sunday christins till I left for the army everything i did revold around the church only good thing they did teach me was to think of my fellow man Unlike many of the me me me people Ive Read many posting on here

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7theoldwrench(243 comments)posted 2 years, 11 months ago

Sorry about the double posting

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8MARGEOMATIC(128 comments)posted 2 years, 11 months ago

Come on People it's Youngstown ! there will never be jobs here .If you are young - have an education or skill- you must get out of this place...Youngstown nose dived into a pile of Detroit- years ago - the damage is done.

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9UnionForever(1470 comments)posted 2 years, 11 months ago

Good jobs are available, but you gotta get out of the Mahoning Valley Hole to find them.

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10Klink(36 comments)posted 2 years, 11 months ago

We are in year 30 of the supply side economic model. It was a change from the prior economic model started during the FDR era. The theory of trickle down has failed America more than anything during this era. Until we get a dynamic leader that sends the country into a new direction we will be stuck with this. During the 30 year period of the supply side trickle down economy the country has been trickled down upon but it hasn’t been jobs. FDR based the economy on a strong middle class that sustained the country. Supply side basis the economy upon giving all that it can to the rich with the hope that they trickle jobs down. Based on the long term results, this has obviously failed America but as of yet we do not a dynamic leader that can change this.

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11DwightK(1256 comments)posted 2 years, 11 months ago

Dodge's list up above is complete nonsense. It's one of those ridiculous emails that people pass around without doing any research of their own. It took me one minute on Google to debunk it on both Snopes and Politifact.

For instance:

Page 50: All non-US citizens, illegal or not, will be provided with free health care services. Pants on Fire! Section 152 includes a generic nondiscrimination clause, which says insurers may not discriminate with regard to "personal characteristics extraneous to the provision of high quality health care or related services." It says nothing about "non-US citizens" or immigrants, legal or otherwise. In fact, the legislation specifically states that undocumented aliens will not be eligible for credits to help them buy health insurance, in Section 246 on page 143.

Get that weak stuff out of the debate.

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