Job Market Gets Worse in November
Job losses for the year have reached 1.9 million, and the unemployment rate is expected to reach 7 percent by the end of the year. In November, a total of 533,000 jobs were lost, the largest monthly job loss total since December 1974. How has the suffering job market affected you and your family? Post your thoughts.
Previously: Will Barack Obama Appoint a WMD Czar?
Reader Comments
Job market
Anyone who has been looking for work knows the job market has collapsed. Every category
of worker seeking employment is in rouble.Teens, recent college grads, experienced and
part-time. In very occupation and regardless of education (Degree Major).
The Bureau of Labor Statistics does not come even close to showing the true unemployment
or employment picture. Job losses have been accumlative. The number and quality of jobs
have been shrinking since NAFTA has been put into place, in the 1990's. In the year 2008
there has been 1.9 million job losses alone. I believe that this is the drivin force behind the US economic crisis. Not the mortgage crisis in itself. No job and can't afford the mortgage.
The President Elect Obama will attempt to create 3 million jobs over four years. His efforts are brillant and right on the money. His opponents still have no idea what is going on. However, after lossing 1.9 million jobs in 2008. Coupled with the accumulative job losses from past years. The uncounted and under employed. Mr. Obama has a tough road ahead of him and will not be able to overcome the economic cris (DEPRESSION) in four years. MY
belief is that the real number of unemployed and under employed (part-timers) is some
where between 15-20 percent. No one truely knows what it really is. But I believe the spike in personal bankruptcys in 2005 and the record number of home forecllosures starting 2006 as being directly tied to a record number of unemployed. A sum total of which are a combination the documented and undocumented unemployed.
I further believe that the US must decouple from the GLOBLE economy to protect it's self interests. The Russians have already figued this it out. They have begun to set up
Tariffs. The US should make the decision as to what is more important. It's economy
and it's people or some unrealistic idealogy of free trade across the globe.
At the present rate and conditions the US and it's people will be poor and bankrupt. US
already has 11 trillion dollars in debt. 10 or 12 years of free trade.
If we stopped taxes...
Our Country would not survive if we stopped taxes for a year. First of all its the business's responsibility to have a good business plan so that taxes don't force them to go under. Second, suspending taxes would mean that our government is making almost $0 in revenue so all government sponsered programs would collapse i.e. Social security, MediCare/MediCaid Welfare(that IMO wouldnt be a bad thing) and unemployment benefits. That would drive alot of American Families to the streets.
Do Something
What if the IRS suspended taxes for business for a few years. Wouldn't the result be that the business could use the money to save themselves from going under? Couldn't that spur a rise in employment? What if they took it one step further and suspended takes for everyone for a couple of years? How could something like this work?
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