Unemployment at a 27 year high.

[smackdown]

The high unemployment has been caused by an unnatural reliance on technology to replace the workforce. It won't work and it won't last. It will end in a crash so horrific that existing currencies will not survive it. You will need SKILLS that don't involve anything related to technology. Here's a great article on the approaching train wreck:
technolog.msnbc.msn.com/_news/2011/08/03/7239686-us-was-chief-target-of-cyber-attacks-mcafee

[Small Biz Owner]

Yes the college grads have jobs. But only 46% are in jobs that required a degree. The rest are waitng tables and opening the door and carrying my bags for me when I am staying at the hotel.

Data from June 2011.

So when you are hiring a cashier, do you want one who at least can prove they know basic math because they have a degree, or the high school dropout?

June 1, 2011, 2:56 pm
A Decade Makes All the Difference
By CATHERINE RAMPELL
A couple of weeks back I wrote about the job market for recent college grads, based in part on data from the labor economist Andrew Sum.

Professor Sum has updated his calculations on young grads’ employment patterns. His figures now include data for October 2010 through March 2011, the most recent six-month period for which numbers are available.

He found that during this period, 74.4 percent of college graduates under age 25 had jobs. Of this same demographic group, 45.9 percent had jobs that actually required a college degree. The rest of this group were in lower-skilled jobs like bar tending or waiting on tables; pounding the pavement looking for work; or out of the labor force altogether, perhaps because they were back in school.


economix.blogs.nytimes.com/2011/06/01/a-decade-makes-all-the-difference/

[Driftr]

Yep. That non-dischargable student loan debt is gonna be a great motivator to get them out there doing 'something' even if that something is taking away a non-skilled job from someone who will now stay on the UE or Welfare rolls.

[Small Biz Owner]

Yep. That non-dischargable student loan debt is gonna be a great motivator to get them out there doing 'something' even if that something is taking away a non-skilled job from someone who will now stay on the UE or Welfare rolls.

That explains why the college grad employment rate is so much better.

[maui1]

Employers added 117,000 jobs last month, the Labor Department said Friday. That's better than the past two months, which were also revised higher.

The better-than-expected report gave stocks a small lift one day after the Dow Jones industrial average fell more than 500 points. The Dow jumped as much as 171 points when the market opened, but then erase most gains to rise only 31 points in early-morning trading.

i will bet that this number will be revised down. i will bet that "for our best interest' our gov't made a decision not to post bad numbers for fear that the market would crash.

i am sure that our gov't looked at this risk, considered the ramifications of a bad number and lied to us, 'for our own good'

[smackdown]

26% of American Military Veterans are unemployed. Tell me why we pay college-bred programming-fed market heads-- 500 times what the average worker makes while starving those who served us all? It's time to knock some Ivory Towers over.

[frankq]

Aug 3, 2011 8:47:39 GMT -5 usaone said:

Aug 3, 2011 8:32:23 GMT -5 decoy409 said:

Your right! Most people are making MINIMUM WAGE. And that heats the kettle with the water boiling over all the more.

Any statistics on that?

LOL! Not likely!!!!!!! Are you forgetting who you're asking for stats?

[frankq]

Unemployment will not see 4% for a very long time, decades. Part of the problem is the fact that corporations pulled the pin on pension plans and went to self directed 401Ks. The average guy/girl isn't savy enough or willing to put the time into self managing. In 2008 many hung around too long, sold at ridiculously low levels and took a beating. Had they followed a disciplined strategy of limiting losses, or just hung tough, they would have been in much better shape. The result is millions of Americans postponing retirement and holding on to jobs that would normally be available in the cycle. Another issue is our ridiculous non-policy on immigration. 30 years ago a factory worker could support his family with that job. Now huge numbers of immigrants, both documented and undocumented, are filling those jobs at low wages and holding down wages for everyone in the sector. Now factor in automation, outsourcing, an insane tariff policy that allows every foreign nation to sell their shit here gratis while our stuff gets hammered in their countries, and it's pretty easy to see that 4% unemployment is a pipedream. Not going to happen for a loooooooong time. 7% will be the new norm.

[decoy409]

And once again trying to stack round blocks is the answer which of course if one is mentally challenged they simply are unable to distinguish much of anything. But none the less patience is a virtue. But patience need not be applied when ignorance is what is being dealt with.
Some simply do not read but offer meaningless contribution. Most folks are in hurt mode on Main Street. With the AAA being removed,those same folks are about to fall further DOWN the ladder.
As for the $ numbers in employment,

"Statistics? For what? Are you unable to do research? Or have you simply fell that far behind over the years? Here is a little start for you and there is no need to elaborate further in defense or debate,simply becouse it's not worth the time arguing about who is getting what.

July 5,2011

Those jobs are minimum wage

They forgot to mention that Texas has the highest number of working people making just minimum wage. And the just barely making it folks. They have the highest number of people without health insurance and the most contaminated ground water. The children in Texas rank 47 in education of all the other states. I would not want to live in Texas.

opinion.latimes.com/opinionla/201....-commented.html

Wealth, Income, and Power
by G. William Domhoff
September 2005 (updated July 2011)

sociology.ucsc.edu/whorulesamerica/power/wealth.html"

Try reading and applying instead of simply barking.

[smackdown]

"96% of college Grads have jobs."

95% of them at $8 hour and are still living at home with (unemployed) mom and dad.

[decoy409]

What they don't see can't hurt them V_L,you know the rest of the story.

[smackdown]

You know... if all the money coming out of the stock market today went into on-boarding Americans back into the economy, there might be SALES and INVESTING money to recover the WHOLE economy with. These BIG LOSS days are all ego (deflaters).

All the financiers have covered their mirrors with dark cloth today. They can't stand looking at losers.

[usaone]

Oh, the drama!! ;D

[decoy409]

"Thats not typical. 96% of college Grads have jobs."

I am still laughing at the remark above ,

Pick your poison,

It’s A Great Time To Be A New College Graduate: High Unemployment, Crappy Service Jobs And Crippling Student Loan Debt

theeconomiccollapseblog.com/archives/its-a-great-time-to-be-a-new-college-graduate-high-unemployment-crappy-service-jobs-and-crippling-student-loan-debt

The Truth About Graduates Today

www.huffingtonpost.com/jennifer-openshaw/the-truths-of-graduates-t_b_891933.html

[kadee79]

So when you are hiring a cashier, do you want one who at least can prove they know basic math because they have a degree, or the high school dropout?

I found when I used to hire for cashier positions....that the high school dropout could count better than the college grad! They had to learn how cause they had been counting their pennies while the college kids were living off mom/dad or loans that they weren't worried about & never learned how to count!!!
Those dropouts also did a LOT more physical work than the college kids!

[smackdown]

"I found when I used to hire for cashier positions....that the high school dropout could count better than the college grad!"

If you handled money for me, I always gave you the correct change. My need for uniform currency was only a small part of why. A high-school drop-out gave me a whole bill without hesitation because they know the value of money backward and forward. You could always spot the Finance Major because they not only got annoyed at all that odd change, but couldn't reconcile it in their head. I find it helpful to use a calculator some of the time but my BRAINS all of the time.

Keep them posts coming, Kadee66!

[domeasingold]

What I see in college students today is not the same attitude as when I was that age. I did not immediately enter college after High School. I went to work in a cabinet shop to learn a trade. However, being that age and not a student I was drafted into the military.
Actually that was not a bad experience. So by age 20 I had already started two trades. One, working with my hands and two, shooting at a target at a thousand yards. Fortunately with the GI bill, I wanted to go to college and pursue a dream. I achieved my goal of graduating with a degree in engineering and upon leaving school I found a job as a draftsman. Not an overly well paid position, but none the less a start in my chosen field. Starting pay in 1976: $10.50/hr. More money than I ever saw consistently. I retired 5 years ago from only the third company I worked for at the position of VP Engineering and Manufacturing. Now, I don't think those kids are thinking ahead 30 years in the future of where they may be. Technology 1976: slide rule, no calculator. Typewriter, no word processor. Mechanical pencil on drafting board, no CAD. Bridgeport(Made in USA) mill with two axis hand cranked table, no 4 axis CNC mill(Made in Taiwan).

[Small Biz Owner]

Topic: Unemployment at a 27 year high.

Postal service about to add to that total. They want to lay off 120,000 Postal employees starting in Jan 2012.

[Small Biz Owner]

Army to cut 8,741 civilian employees
The Army plans to cut 8,741 civilian jobs by October 2012.

Army Secretary John McHugh on Aug 11 ordered leaders throughout the Army to immediately start cutting their staffing to help meet former Defense Secretary Robert Gates' mandated efficiency initiatives. The Army is losing $834 million in operations and maintenance funding as part of those cuts.

[usaone]

Well we have over 3 million jobs available for people with the right training that have not been filled.

The Nasa and Army folks should be able to fill those positions.

[Small Biz Owner]

So they want to be what?
Miners? Loggers? or Clerks?

Job Openings 2011
The number of job openings in June was 3.1 million, essentially
unchanged from May.

The number of job openings in June (not seasonally adjusted) rose from a year earlier for total non-farm and total private. The top 3 number of job openings increased in mining, logging and retail trade.

[Small Biz Owner]

These jobs will be filled soon enough, when the Federal extended unemployment benefits run out in Dec 2011, Americans will fill them because they will no longer have a choice.

[decoy409]

Small Biz Owner, I just ran down the 'Tale of The Tape (once again' and am posting that in a moment in my Decoy 4098 post).

You have a lot of fire power and have a look becouse the talent show of 'Punch and Judy' is just that with these awful claims of 3 mil. and so forth.
I don't hear the 'Punch and Judy' show presenting these FACTS.

[Small Biz Owner]

decoy409 these are the facts. There truly are 3.1 million job openings as of June 2011. This data is from the Dept of labor. See link.

www.bls.gov/news.release/jolts.nr0.htm

[decoy409]

Small Biz Owner,

No crap hey! I think 'some' people are missing the correlation of these events and that is why I retraced and put the time zone in,

April 30,2009 - Help Wanted: Why That Sign's Bad
The nation has 3 million jobs going begging. And without retraining, U.S. workers may not be able to fill them

www.businessweek.com/magazine/con....nel_top+stories

Of course just keep on adding those '0's' to the political drama while the tide washes things further and further out to sea,

June 3,2011 The Real Truth on U.S. Phantom-Jobs

blog.ml-implode.com/2011/06/the-real-truth-on-u-s-phantom-jobs/

I am not a political person per say,simply becouse there are to many crooks about and I look at it as the 'Good Cop/Bad Cop' deal. But I would like to stick this in for 'Food for Thought',

April 5,2011 "We’ve lost 26 million jobs

www.politifact.com/truth-o-meter/....l ost-26-milli/

That's 2009 Small Biz Owner. And now you know why I refer to Rip Van Winkle at times.

No foul projected.

[Small Biz Owner]

Over the last few years, the BLS has added roughly 1 million “phantom jobs” per year via its birth/death calculation. And then after each of those years it “revises” its calculation (using real data) and then subtracts all of those jobs. It is the BLS itself which has calculated that none of these “birth/death” jobs ever existed.

This year, if we subtract the 600,000+ phantom-jobs added by the birth/death model since January, we see virtually all of the supposed “new jobs” vanish. And keep in mind that all of the numbers from this year will be “revised” again (lower), just as the BLS has been doing every year.

Mr Decoy, my hats off to you sir. The links are incredulous.

[usaone]

The Nasa and Army folks have the training.

[Deleted]

Aug 5, 2011 14:52:29 GMT -5 @smackdown said:

26% of American Military Veterans are unemployed. Tell me why we pay college-bred programming-fed market heads-- 500 times what the average worker makes while starving those who served us all? It's time to knock some Ivory Towers over.

How many make 500x average?

20, 50, 200? More?

How many people CAN do what they do? Do you have all those skills? If so, why arent you one of them? Then you can give up the high pay, and give it to the "little guy" who deserves a break according to you

Stop making it sound so easy. Most executives DO NOT earn those kind of numbers. There are exceptions to everything. Not every ballplayer earns Alex Rodriguez or Albert Pujols money either...

As far as the veterans, we need a job training programs for them. Most have chances to go to school while active duty, but a LOT of them choose not to do so.They prefer to spend their time in the NCO club, instead of the classroom.

I understand that not all have that chance....but a lot of them do....and dont take advantage. And the military pays the majority of all tuition costs.

I speak from experience....as i got my degree while active duty....and it CAN be done.

[Small Biz Owner]

The Nasa and Army folks have the training.

For which jobs? The Mining, Logging or Retail clerks?

[usaone]

And some vets have a hard time transitioning back into civilian life. A good chunk of that 25% are folks having personal issues.

God Bless our Troops. Active and retired.