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Entries categorized as ‘employment’

Rasmussen Poll find President Obama Approval at 45%

November 25, 2009 · Leave a Comment

It feels a one those Price is Right Games you know the opening bid on Contestant’s bidding  higher or lower. But In this case it’s all lower. And the winner on contestants row is the one of lowest price not going below the real retail price.

Rasmussen Reports says  only 45  percent approved of the way the he is handling the presidency. 54% disapprove of  his job performance. This comes on the heel of polls by Quinnipac University  and Gallup both have Obama at 48%.

The  economy, stimulus, bailouts, and the rising unemployment numbers have soured the voter on the president.

Only 27% strongly approve of job that The President is doing. 42% strongly disapprove of the job Obama is doing. Obama is a negative approval rating of 15% (That is -15%).

The some worst news all of this is the President is losing support of  Democrats . Only 52% Democrats  strongly support Obama. While he still has strong  support among Democrats  he has little wiggle room.

Among Republicans Obama disapproved by 68% of those survey. Among the independents only 16% support the job the president is doing. 51% of independents strongly disapprove.

Rasmussen Reports

Categories: Nanny State · Politics · Polls/Surveys · consumers/ the public · economy · employment

Unemployment Among African-American Men is at 34.5%

November 25, 2009 · Leave a Comment

Unemployment among the nation’s African-American young in is at a record shattering 34.5% for men ages 16-34. The highest level of joblessness in over 75 years. The unemployment rate is more than three times the general population in this  age bracket.

Meet Delonte Sprigg 24, of Washington,D.C. and he is  face of the unemployment crisis. He was an office furniture mover until he was laid off in 2008.  Sprigg has gone through a job training program in construction. After completing the program, he had a temporary job as a flagman on a construction crew that lasted three days.

“I think we’re labeled for not wanting to do nothing — knuckleheads or hardheads,” said Spriggs, whose first name is pronounced Dee-lon-tay. “But all of us ain’t bad.”

The retail, construction, and  manufacturing business are the industry that    young people would normally enter as a first or second job. This industries were hardest hit.

Usually the last hired and the first fired; young people have been hit the  hardest. Employers have eliminated internship, apprenticeships, and on-the-job training program in ways to save money. What’s complicating the  job situation older workers taken these entry-level jobs that  would go to young people.

The Unemployment rate for young African-Americans is a record-breaking 30.5. Many these young people live in poor urban communities, attend and/or graduate from below  level public schools.  Some believe that race plays a factor.Center for Labor Market Studies at Northeastern University, says race play more of  a factor in hiring age, income and education levels.

“Black men were less likely to receive a call back or job offer than equally qualified white men,” said Devah Pager, a sociology professor at Princeton University, referring to her studies a few years ago of white and black male job applicants in their 20s in Milwaukee and New York. “Black men with a clean record fare no better than white men just released from prison.”

Meet  Victoria Kirby, 22 and recent college graduate from Howard University she too has found the job market tough too. Last Summer Kirby was an intern at a Washington,DC area publishing firm. She was offered an entry-level position at publishing company when she graduated in May 2009.  Before she could even chance to  start the job offer was withdrawn because of the bad economy.

This summer  she has applied for  jobs as an administrative assistant on Capitol Hill but she was told that she overqualified. Kirby applied for Teach for America but she was rejected due the overwhelming number of applicants.

Kirby, went back to school for get a  master of  public policy at Howard.  “I decided to stay in school two more years and wait out the recession,” Kirby said.

The Obama Administration is between a rock and hard place. Spending billions to create jobs and not adding to the $1.4 trillion deficit. Policy analyst like Algernon Austin, a sociologist and director of the race, ethnicity and economy program at the Economic Policy Institute, which studies issues involving low- and middle-income wage earners.

Austin says  more need to be done for underemployed works with lack a steady work history nor a high school diploma nor job-readiness skills or a squeaky-clean  record.

“Increased involvement in the underground economy, criminal activity, increased poverty, homelessness and teen pregnancy are the things I worry about if we continue to see more years of high unemployment,” said Austin.

Washington,D.C. tried to do about it Mayor Adrian Fenty Administration  took $3.4 million in Federal Stimulus money for 500 young people between 18 to 24 year olds.

“I thought after I finished the [training] program, I’d be working. I only had three jobs with the union and only one of them was longer than a week,” Spriggs, a tall slender man wearing a black Nationals cap, said one afternoon while sitting at the table in the living room/dining room in his mother’s apartment. “It has you wanting to go out and find other ways to make money. . . . [Lack of jobs is why] people go out hustling and doing what they can to get by.”

“Give me a chance to show that I can work. Just give me a chance,” added Spriggs, who is on probation for drug possession. “I don’t want to think negative. I know the economy is slow. You got to crawl before you walk. I got to be patient. My biggest problem [which prompted the effort to sell drugs] is not being patient.”

Young people were the hardest hit with 19.1% unemployment among the nations 16-24 year old. This generation is facing the prospect of not doing better than their parents in standard of living.

Lisa B. Kahn an economics professor at Yale University. Kahn recalls the 1980’s recession where  young  people took lesser paying jobs and it took nearly a decade to recover the earning.

“In your first job, you’re accumulating skills on how to do the job, learning by doing and getting training. If you graduate in a recession, you’re in a [lesser] job, wasting your time,” she said. “Once you switch into the job you should be in, you don’t have the skills for that job.”

Gee I feel encouraged.

The Washington Post

Categories: Politics · consumers/ the public · economy · employment

California, Florida Sets Another High Unemployemt Record

November 21, 2009 · Leave a Comment

California,Florida and 27 other state Set Unemployment records in October. Jobless numbers rose in 29 states. That compare to 22 states in September. The Labor Department said on Friday.

Michigan is the highest at 15.1 percent. Nevada is at 13 %. Rhode Island jobless numbers is 12.9% The Golden State’s unemployment rate is at 12.5%

Here is some good news Jobless rates in 13 states went down.  Massachusetts goes 9.3% to 8.9%.  Neighboring New Hampshire drops to 6.8% from 7.2% and West Virginia inched lower from 8.9% to 8.5%

Bloomberg News has more.

Categories: economy · employment

Dr. Doom: Unemployment Expected to Climb the end of 2011

November 18, 2009 · Leave a Comment

Nouriel Roubini, Economist at Stern School of Business at New University,says unemployment is expecting  to climb until the end of next year.

Roubini  says it will take time before  the jobless rate improves. In the last recession which ended in November 2001, unemployment did not improve until June 2003; over a year and half  later.

Dr. Doom says if you are unemployed and looking for work you better hold on tight  these  numbers will not improve until the end of 2010. The economic numbers suggest this take some time. Jobs will not come back right away.

Here’s the remedy. “A fiscal stimulus with  heavily  labor intensive shovel ready infrastructure jobs which help cash strapped local city, county and state governments. Along with temporary tax cut which incentives companies to hire workers.”

Roubini’s cure may not sit will with conservatives will believe tax cuts is the answer.

He says current workers are facing reduced hours, reduce pay even work furloughs.

Many jobs that eliminated during this recession are gone for good.

New York Daily News

Categories: Nanny State · Politics · consumers/ the public · economy · employment

ABC News: Jobs Saved or Created in Made Up Congressional Districts

November 18, 2009 · Leave a Comment

Can someone tell me: What in world is a Job Saved or Created? What does that mean? How Do you define it? Is it Tangible?

ABC News discovered that the jobs list by states on the Recovery.gov website are located in Congressional districts that do not exist. Well imagine that. For example: 30 jobs saved or created in the 15th Congressional District at a cost of  “$761,420 in federal stimulus spending.

There is one teeny,tiny problem the Arizona 15th Congressional District does   not exist.

ABC News found many inaccuracies on the Recovery.gov site. Late Monday, officials who run the website  attribute the cause to human error.

“We report what the recipients submit to us,” said Ed Pound, Communications Director for the Board.

Recovery.gov receives information from state and  federal agencies, public colleges and universities on what programs funded.

“Some recipients clearly don’t know what congressional district they live in, so they seem to be just throwing in any number. We expected all along that recipients would make mistakes on their congressional districts, on jobs numbers, on award amounts, and so on. Human beings make mistakes,” Pound said.

Reaction from Congress was anger and frustration. U.S. Representative David Obey(D-WI) Chairman of the House appropriations Committee, issues  a written statement demanding the Recovery.gov site corrected and updated.

“The inaccuracies on recovery.gov that have come to light are outrageous and the Administration owes itself, the Congress, and every American a commitment to work night and day to correct the ludicrous mistakes.”

Another citation was $34 million to the Navajo Housing Authority in the 86th Congressional district. Again the congressional district does not exists.  In fact, ABC News cites several incidents from the recovery.gov website.

In Oklahoma, recovery.gov lists more than $19 million in spending — and 15 jobs created — in yet more congressional districts that don’t exist.

In Iowa, it shows $10.6 million spent – and 39 jobs created — in nonexistent districts.

In Connecticut’s 42nd district (which also does not exist), the Web site claims 25 jobs created with zero stimulus dollars.

The list of spending and job creation in fictional congressional districts extends to U.S. territories as well.

$68.3 million spent and 72.2 million spent in the 1st congressional district of the U.S. Virgin Islands.

$8.4 million spent and 40.3 jobs created in the 99th congressional district of the U.S. Virgin Islands.

$1.5 million spent and .3 jobs created in the 69th district and $35 million for 142 jobs in the 99th district of the Northern Mariana Islands.

$47.7 million spent and 291 jobs created in Puerto Rico’s 99th congressional district.

The  Recovery.gov  website created to give information on the $787 billion stimulus bill to show to foster greater accountability and transparency”.

Here’s a clue President Obama fire your economic advisers they do not have your best interest at heart. Peter Orzag, Christina Romer most go.  The $787 billion stimulus package does not work. Shovel ready jobs does not exist. This administration along with the Democratic congress supposed to create infrastructure jobs  where are the jobs and why unemployment rate continues grow(albeit at slower rate).

Look I understand that unemployment is a lagging indicator but The White House and Congress promised the Unemployment rate would not reach eight Percent we are now nine month out we are at 10.2  percent and growing.

We fooled by this stimulus package. The remaining funds will be distributed in the third quarter of  2010 to protect Democrats  for the November election. Time to start over  tax cuts and tax credits which gives employers incentives to hire the growing ranks of the Unemployed.

A job summit sounds good but we need action with results. Employers need feel confident to take  that risk. Until then Jobs  will continue to disappear and hope and change has become fear and disillusionment

ABC News

Categories: Journalism · Media · Nanny State · Politics · employment · finance

Polls Deals Problems to Obama and Democrats

November 12, 2009 · Leave a Comment

Two separate polls are give bad news President Obama and Democrats. Today the latest Rasmussen Reports found 46% somewhat support President Obama  performance versus 53% does not somewhat support the way he handling his job.  A negative 13 percent of support form him.   The poll gave the Republican a six point lead in the generic Congressional ballot.

60 percent of those surveyed want the Fort Hood Massacre investigated as a Terrorist act. Only  21% believe that it should be investigated as a criminal act.

Meanwhile, a Gallup poll found that the if the election was held today Republicans lead the Democrats48-44% a difference of 4%. Back in July Democrats were 6 percentage point behind.  In October they was only 2 points behind. This was 2010 Gallup Generic Congressional Ballot.

What’s worse among Independents they preferred the Republican to the Democrats a whopping 52% to 30% . That’s worrisome.

The Good news for the White House and DNC the election is a year away. The bad news if they don’t produce jobs and keep spending like there no tomorrow; they could be wiped out like 1994 when the Republican were swept in.

Rasmussen Reports

Gallup Organization

Categories: Crime · Nanny State · Politics · Polls/Surveys · consumers/ the public · employment · finance

Unemployment Spikes Unexpectedly to 10.2%

November 7, 2009 · 1 Comment

President Barack Obama made a promised earlier this year that unemployment would not go above 8.8 after the $787 billion stimulus package remember. Well for nearly every month except of August unemployment went up,up and away.

On Monday, the president tempered his remarks by warning the American people the unemployment will be 10%. The president was right kind of . Today, the Department of Labor released the latest non-farm payroll  and the number is 10.2% for the month of October.  This come on the heels of last week survey that found consumer confidence took a dive meaning the public is not buying goods and services and worried for their jobs.

So now as people getting ready for the holiday season; they were delt a one-two punch the consumer is frightened to shop or to look for a holiday job.

And retail employers are skittish about hiring temporary and stocking less and less.

Today, President Obama said it “a sobering number that underscores the economic challenges that lie ahead.” Later the president signed a series of bills that extended unemployment and extend the homebuyer tax credit to include people who have owned homes previously. The legislation also allows homeowners who are  underwater  on their loans and about to be foreclosed on to give mortgage to the government via bank or mortgage company; and person will rent the home from Uncle Sam.

If that not enough some economist worry that the unemployment number will climb to if not over 11%. Mark Zandi of Economy.com and Joshua Shapiro US economist with MFR, Inc say they were surprised that Unemployment reached 10% quickly and revised their outlook that unemployment will peak at 11 by mid-2010. Earlier this year the suggested the unemployment rate would reach 10.5% by mid-2010.

“It’s not a good report,” said Dan Greenhaus, chief economic strategist for New York-based investment firm Miller Tabak & Co. “What we’re seeing is a validation of the idea that a jobless recovery is perfectly on track.”

Today’s numbers is the highest in 26 years.

There are some rays of hope. Temporary work is  for the third month in row. Education and Health care industries also grew.

Yahoo Finance

Categories: consumers/ the public · economy · employment

Republican Have a Spilt Decision New Jersey and Virginia and Loses Upstate New York

November 4, 2009 · Leave a Comment

Democrats gain a foothold in US House Representative as conservative candidate Douglas Hoffman loses to Bill Owens.  Until Saturday it was a three person race. The Republican Dede Scozzafava who bow out and gave her support to Bill Owens  took needed votes for Hoffman. Owen won 49% to 45%. Scozzafava  grabbed 6% of the vote even though she got out of the race.

But the bombshell is the landslide in Virginia Robert Mc Donnell defeated Democrat Creigh Deeds by 58%-33%. Deed lost Republicans and Independent voters Tuesday.

In New Jersey, in a very close election Republican Chris Christie former US Attorney in New Jersey beat incumbent Governor Jon Corzine by 5% points49%-45%. The margin would have been bigger however because of Independent candidate Chris Daggett garnered 5% of the vote.

President Obama spent a significant time, money and resources in the Garden State and Old Dominion. It didn’t help.

Hot Air

Yahoo News

WCBS-TV/HD “CBS 2  News”

Categories: Nanny State · Politics · consumers/ the public · economy · employment

Stimulus Jobs were Overstated.

October 30, 2009 · Leave a Comment

White House has overstated the number of jobs saved or created  from the $787 Billion Stimulus package are in  the thousands . The White House will correct it later reports to Congress.

The White House first review of the jobs claimed by the stimulus was overstated by 5000. According to the AP review of  the report.

Here are some examples :

  • A company working with the Federal Communications Commission reported that stimulus  money paid for 4231 jobs, when about 1000 jobs ere created.
  • A Georgia Community College reported creating 280 jobs with recovery money, bu none was created from the Stimulus spending
  • A Florida child care center said its stimulus money saved 129 jobs but used the money on raises for existing employees.

The AP found no evidence of the White House manipulated with the numbers in the report. However,  the Fed used the numbers to show that the stimulus is working.

Ed De Seve,  an Obama adviser on the stimulus jobs program says the administation is working with companies,  organizations and local and state government on the accounting problems.

“If there’s an error that was made, let’s get it fixed,” DeSeve said.

AP via My Way News

Categories: economy · employment · finance

The New Normal:Higher Unemployment

October 21, 2009 · Leave a Comment

Don’t look know but the American Unemployment will be high for some time to come says  economists studying the effects of the recession.

Many jobs that lead to a recovery manufacturing of cars and building of home are not there. Automakers weakened by poor sales an massive layoffs. The housing market struggling in under the weight of record high foreclosures  plus growing glut of empty storefronts and offices which practically killed the commercial real estate in the country.

Small business are struggling to acquire small business loans from banks and credit unions.

Consumers are have largely unable to obtain a loan in order to purchase major appliance, cars and homes (or remodel homes). Low income consumers have been frozen out of obtaining credit cards which allows them spend. Higher income household have also cut down spending which effect lower income workers because not to spend like previously before. And many high income family lost wealth in the stock market.

“This Great Recession is an inflection point for the economy in many respects. I think the unemployment rate will be permanently higher, or at least higher for the foreseeable future,” said Mark Zandi, chief economist and co-founder of Moody’s Economy.com.

“The collective psyche has changed as a result of what we’ve been through. And we’re going to be different as a result,” said Zandi, who formerly advised Sen. John McCain, R-Ariz., and now is consulted by Democrats in the administration and in Congress.

Many economist believe that the recovery began in the third quarter August or September of this year. These economists believe the will be modest growth over the gross domestic product.

currently at a 26-year high of 9.8 percent — and likely to top 10 percent soon and stay there a while.

“Many factors are pushing against a quick recovery,” said Heidi Shierholz, an economist at the labor-oriented Economic Policy Institute. “Things will come back. But it’s going to take a long time. I think we will likely see elevated unemployment at least until 2014.”

AP via Yahoo News has the rest of the story

Categories: economy · employment