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Breaking down the jobs report
The struggling job market hasn't gotten any better.
A total of 95,000 jobs were lost in September, according to a Labor Department report. The numbers were far worse than expected as companies didn't hire as many workers and government agencies continued to cut them.
Overall, the economy lost a total of 95,000 jobs in September, the Labor Department reported Friday, far worse than expected and down from the previous month, when employers shed 57,000 jobs. But while government cuts, especially related to the end of the 2010 census, have dragged down the overall number for several months, businesses have added jobs for nine months in a row.
Here's a look at how the numbers break down by demographics:
Adult Men: 9.8 percent, unchanged from previous month
Adult Women: 8 percent, unchanged from previous month
Teenagers: 26 percent, down from 26.3 percent
Whites: 8.7%, unchanged from previous month
African Americans: 16.1 percent, down from 16.3 percent
Hispanics: 12.4 percent, up from 12 percent
Asians: 6.4 percent, down from 7.2 percent (not seasonally adjusted)
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The job market is in far worse shape than that, because my son has been out of work for over 3 years. His group isn't even counted. He is a real estate developer so he was the first to crash. Donald Trump was right. You let the real estate market collapse and the country is in real trouble. I have been a court reporter for over 30 years and I am still working, but we are targeted due to buget cuts and and court reporters that work in court are being replaced by tape recorders. I report depositions so I am not targeted yet.
This story neglects the important item – the U6 or falsely named "Underemployment" number jumped from 16.7% to 17.1%. That number is made up of temp workers (almost unchanged in Sept), unemployment (unchanged) and Discouraged workers (people who have simply given up looking for a job). Since the other items did not change, the 0.4% increase was close to 600,000 people who simply gave up looking in September. That is HUGE! But leave it to the Obama supporting media to neglect to point out this dangerous increase in this number. Don't want to guarentee they lose the house and senate. Nope.
Over a trillion dollar deficit in fiscal 2010 without really investing in our people. Why the under or unemplyed are not in virtual classrooms (workshops) to enhance education and overall wherewithal is telling. Why not make progress by rebuilding our minds?
A lot of people cannot afford to retrain their minds with families to support and continuing bills. How in the world are they supposed to pay for this retraining?
That's easier said than done. Nothing is free, will you be providing the free education or paying for them to attend? Will you also pay for their mortgage and other items in the interim?
People better wake up and realize the jobs lost for the most part will never return. You must retrain or go into another industry if you expect to survive.
You can just about double every one of these metrics for a true image of unemployment in the nation today.
Yet no one has been charged with a crime? All of those Wall Street, banking and insurance corporations who everyone knows were committing fraud and insider trading that lead to the economic collapse. All the talk back in 2008 of thousands of FBI investigations into the crimes that lead to this crisis. All these stories have gone silent.
My God in a congressional hearing Goldman Sachs executives admitted they were selling fraudulent products yet they have no been arrested?
mind boggling.....
Is it true that China owns some of America's TOLL ROADS? Who is responsible for that? WHAT were they THINKING?
What is sad is that our government (Dem or Rep) for political reasons failed to take action to even get a debate on the merits of providing tax breaks for companies that move jobs back to the US. The US economy is built on the consumer, without jobs it will take a miracle to get our economy out of this rut.
They just do not want to do the right thing.
You have to settle the foreclosure mess – iit should have been done 2 years ago – mandatory modifications even on a temporary basis. Tax cuts for owners of businesses for hiring workers. Large incentives for going green.
In my opinion, absolute proof that, no matter how well-intended, creation of jobs in the government sector isn't going to get it done in the long run. The government's job should be to enable private job creation, not compete against it.
I second that!!!
Let's get with reality. Job market and econnomy is far worse off than the media and Gov't want everyone to think.
Here is how things work: Copmanies are taking away guaranteed income, lowering your pay scale or requesting you to take some kind of loss in your income status, then they up your medical benefit costs to you or take them away all together, where you are left flipping the full bill for coverage (we haven't even put in the cost of co-pays or if you pay 20 per. of the bill),. Now lets add in the fact that when you are looking for employment, the company looks to see how many jobs you have had in the last 3 yrs, (if you are trying to better yourself and support your family this is a bad thing for you, for if you had more than 2 jobs no matter what your reason is you atre NOT considered for the job) 2nd if because your jobs pay considerably less than what you made before, and you had to file bankruptcy, now you can forget a job all together you still will remain unemployed or working at the bare minimum so that you still can't afford your bills. Employers look to see if you files a bankruptcy and therefore will not want to hire you. So double whammy.
SO now you will be foreclosed or evicted from your residence, have a bare minimum job if you are lucky, lawyers wont help you unless you have money, if you had money you wouldn't be in this situation. You can't get a better job to get yourself out of the situation, because of to many jobs and because you had to many jobs, no one will hire you so you had to file bankruptcy still no one will hire you, your children are hungry, homeless, no medical. I could go on. People on welfare seem to have it better; for unemployment you can lose your home, welfare you sign it over to them.
So where are things getting better.
Don't state people aren't looking for work or that they would rather stay on unemployment. That is far from the truth.
I am living all the above in the last 2 yrs my life went from lower middle class to I can't pay my mortgage and since we filed bankruptcy and still can't make it ( the lawyer got $1951.00 before even listening to us and then stated Chapter 7 only) that is it for us, you can't file bankruptcy for 8 yrs after you file the first time. Since filing, and my spouse has tried so hard to get better jobs so we wouldn't end up here, my spouse can't get a better job now because one he had to many trying to provide for us agfter his company started taking away pay and benefits, and 2nd we had to file bankruptcy. So soon the streets it will be with my children.
What a beautiful place. For the haves and the haves only who point the finger at the have nots and blame them for everything. My mother always said; "When you point at some one there are three fingers pointing back at you." Get the picture HAVES.
See the way the "slum lords" work? It's time to beat them back...vote...no one there now remains!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!SPEAK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!VOTE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Kay , I hope you will get somekind of help , My god you've been through hell, Hang in there, I'm fighting for you and your kids, I just hope people wake up and not continue to be dissalusioned by our phony government, Democrat or Republican ,I have lost faith in the 2 parties along time ago, I'm neither a Liberal, another phony bunch, that rather give our money to criminals and Illegal aliens instead of the Million of Americans that have lost there Jobs to going over seas, God bless you and your family
If you have bad credit some companies won't hire you. This means you can't get a job to pay off any debt you may owe. Everything in this country is a catch 22.
We all must educate ourselves and let our government hear us loud and clear By not spending on things made in china or other countries, or going to movies and continuing to make these selfish actors richer, we also need to fight Illegal aliens and the companies that hire them, we also need to get out from using Banks like BOA Citi and other that are making and dictating our nation debts and keeping us hostage and encourging debt and forcing us all to be an economical slaves keeping us from Speaking Out against our corrupted Government, This is not what the United states is all about, I urge you to Pull out from under the big banks, Stop paying taxes, Dont buy any Homes, fight Illegal aliens, stop watching and supporting big Drama holly stars and news corporations that dramatizes a money on cocaine, write a letter to a lawyer and tell him what a greedy pigs they are, Grill your senators and congressmen. Its time folks ,Its time for a revolution against our government and corporations, We are now considered Numbers and not Humanbeings, there adapting these ideas from China and countries alike to control us and enslave us. Please fight and help restore the USA!