Job Market Gets Worse in November

December 5, 2008 RSS Feed Print

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?

Tags:
unemployment,
labor

Reader Comments Read all comments (4)

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

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.

John Sure of PA 6:28PM January 07, 2009

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.

of 1:42PM December 08, 2008

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?

Choirgirl of OH 5:36AM December 06, 2008

advertisement

Debate Club

Was 2011 One of the Worst Years for the U.S. Government in American History?

Experts debate where 2011 ranks among Washington's worst years.

Latest Video

Thomas Jefferson Street Blog

Romney's Bain Experience Wasn't Real American Capitalism

The fact that Bain Capital served to make money for investors, not to create jobs, could endanger Romney.

Why Is Mitt Romney Embracing Birther Donald Trump?

Maybe Trump is Romney's idea of a rich guy that common people can relate to?

Does Barack Obama Actually Want to Be Re-Elected?

The president's lack of enthusiasm jeopardizes his campaign.

3 Reasons Why the Scott Walker Wisconsin Recall Election Matters

Scott Walker is a canary in a coal mine.

The Right's Fixation With 'Vetting' Obama

American voters can use the past four years to judge Obama's qualifications as president

Voters Tuning Out Flood of 2012 Super PAC, Campaign Ads

This will be the year of grassroots voters, not Nielsen families.

Scott Walker's Union Fight Helps Mitt Romney Against Barack Obama

The Wisconsin governor refuses to back down from his opposition to collective bargaining.

Why Is It Only Women Who Need 'Informing' on Reproductive Health?

Men's sexual behavior could also use some "controlling."

advertisement