Employment numbers
| 15 September 2009
Things are looking bleak, below is some of the recent employment numbers: not too good. I try not to be partisan on issues as I am an Independent, but this is the area I want the House and Senate working on. Enough with the useless stimulus plans that have been so filled with paybacks and pork that they are sickening. Last I knew we have spent about 15% if the 7+ trillion stimulus, let us put the rest back into something useful. We need JOB’s! Good jobs, plentiful jobs. Why the silence on this issue? I am hearing all the chatter about the Health Care, the useless stimulus that has done nothing to fix the employment issues. When I hear that it has saved X number of jobs I want to puke. That is such a phony claim, you cannot verify that, and the unemployment number is going up except for the friends of the administration. Last I have heard we now have 30+ czars’, what the heck! What are we paying them? Can I get a job as a czar? I am sure I can do just as much as the ones we have now. Please people, let your voices be heard, tell your House and Senate leaders that we want a MAJOR focus on manufacturing and job creation. Here is some of the latest government data, I am sure you will see why I am so sad right now. Household Survey Data In August, the number of unemployed persons increased by 466,000 to 14.9 million, and the unemployment rate rose by 0.3 percentage point to 9.7 percent. The rate had been little changed in June and July, after in- creasing 0.4 or 0.5 percentage point in each month from December 2008 through May. Since the recession began in December 2007, the number of unemployed persons has risen by 7.4 million, and the unemployment rate has grown by 4.8 percentage points. Among the major worker groups, the unemployment rates for adult men (10.1 percent), whites (8.9 percent), and Hispanics (13.0 percent) rose in August. The jobless rates for adult women (7.6 percent), teenagers (25.5 percent), and blacks (15.1 percent) were little changed over the month. The unemployment rate for Asians was 7.5 percent, not seasonally adjusted. The civilian labor force participation rate remained at 65.5 percent in August. The employment-population ratio, at 59.2 percent, edged down over the month and has declined by 3.5 percentage points since the re- cession began in December 2007. In August, the number of persons working part time for economic reasons was little changed at 9.1 million. These individuals indicated that they were working part time because their hours had been cut back or because they were unable to find a full-time job. The number of such workers rose sharply in the fall and winter but has been little changed since March. In August, construction employment declined by 65,000, in line with the trend since May. Monthly losses had averaged 117,000 over the 6 months ending in April. Employment in the construction industry has contracted by 1.4 million since the onset of the recession. Starting in early 2009, the larger share of monthly job losses shifted from the residential to the nonresidential and heavy construction components. In mining, employment declined by 9,000 over the month. In August, manufacturing employment continued to trend downward, with a decline of 63,000. The pace of job loss has slowed throughout manu- facturing in recent months. Motor vehicles and parts lost 15,000 jobs in August, partly offsetting a 31,000 employment increase in July. Financial activities shed 28,000 jobs in August, with declines spread throughout the industry. Job loss in financial activities has slowed since the beginning of the year. Employment in the industry has de- clined by 537,000 since the start of the recession. Wholesale trade employment fell by 17,000 in August. Employment in information continued to trend down over the month. Employment in the retail trade industry was little changed in August. Employment also was little changed in professional and business ser- vices over the month. From May through August, monthly employment declines in the sector averaged 46,000, compared with 138,000 per month from November through April. Job loss in its temporary help services component has slowed markedly over the last 4 months.
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J Prichard
said:
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Your Soooo right! I have watched jobs disappear faster than ever in my area over the last year I am sick about it. We cannot pay taxes if we do not have jobs all you morons in office. Thanks for posting this, keep it up! |
