Comments about ‘The number: 45% unemployment’

This 45% all must have had quite a savings stashed away to live on - that's all I can say. Being unemployed and having bills to pay is no vacation.

No one said they were living in luxury during unemployment, just more relaxed with less stress.

What is staggering is that 45% of Americans went unemployed and 45% of jobs lost in the US in a 2 year span, then most forced in to low pay temporary jobs after unempployment benefits ended.

Then economist wonder why the economy has not rebounded? Losing 45% of workers to poverty income must have some affect. And of the 55% working, only 47% are paying income and other taxes. By economic standards the 45% are still unemployed and underpaid.

It's real easy to deceive and misrepresent using data to suit a desired outcome. And this is one huge abuse by politicians and government to hide real data.

We need more job thefts by Mexican illegals to feed off the minority of americans paying taxes. Illegal Mexicans don't pay taxes from incomes, they are the working tax burdens.

Obama really has something to be proud of, the destruction of working americans. It'll take 20 years for a substantial recovery if ever at all.

It's not clear just how many jobs the government has created (because these job's was done in a socialist utopian government on and with government union takeover job's, as well as in the medical field only), or saved with a massive stimulus effort, that failed us all and costed $1.1 trillion free giveaway. But government itself is now a source of job losses. Since the end of the last recession in 2001, government has been a major source of job growth. Over the past nine years roughly two million workers have been added to the payrolls of federal, state and local governments. Pssssssssssst hey GOP, where's this pre-election talk of "smaller government"?. Now, with the impact of the stimulus fading, and state and local governments coping with huge budget shortfalls, government payrolls are shrinking. After a brief uptick this year from the hiring of temporary Census workers, government payrolls at all levels are down by about 230,000 from a year ago. Thanks to NO BUSH TAX cuts and Obamanation. It's so bad, even the Balloon boy family moves to Manatee County Florida.

This article doesn't say that 45% of Americans were unemployed during the last two years, it says of those that were unemployed, 45% of them were not necessarily upset about being unemployed. A very poor headline.

What a shocking story. Don't know how so many of our fellow citizens are making ends meet for just the basics - food, clothing, and shelter.

How could our politicians, of both parties, be so reckless and irresponsible?

Term limits for the whole bunch of selfish louts at all levels of government!

Happy Unemployment Day Weekend, remember it was YOU that voted him in Office. Unemployment Day weekend will mark the official end of the Obama administration's "Recovery Summer". 14.9 million Americans are unemployed. 6.2 million people have been out of work for more than six months. And, over 450,000 people are filing unemployment claims each month. Yet, the White House continues to tout the $862 billion stimulus as a success. The most compelling evidence for the President to take a new direction is his "jobs gap" which surpassed one-million in August. According to the St. Petersburg Times the American economy needs to create 292,000 jobs a month beginning in February 2010 to reach 5% unemployment by 2015. Today, the Obama jobs gap has widened to 1.3 million jobs. Employers are hesitant to invest in new employees if they are unsure if there will be tax increases or new costs from healthcare reform. What drives success for entrepreneurs is certainty and policy that encourages growth with low costs, minimal regulation, predictable tax rates and a highly trained and skilled work force.

Thanks govt rocks for pointing out what was obvious if someone (My2cents) had actually read the article and not the title before posting. This country would just about crumble if we had 45% unemployment. What the article didn't address is how many of this 45% were second incomes to their household. If that's the case, that would explain the high % of satisfaction. Maybe they didn't need to worry about meeting bills.

"More than half (55%) of all adults in the labor force say that since the Great Recession began 30 months ago, they have suffered a spell of unemployment, a cut in pay, a reduction in hours or have become involuntary part-time workers, according to a new survey by the Pew Research Center's Social and Demographic Trends Project.

The survey also finds that the recession has led to a new frugality in Americans' spending and borrowing habits; a diminished set of expectations about their retirements and their children's future; and a concern that it will take several years, at a minimum, for their family finances and house values to recover."

About half the public (48%) say they are in worse financial shape now than before the recession began; one-in-five (21%) say they are in better shape. Grouped by income, those with annual household incomes below $50,000 are the most likely to say they are in worse shape. Grouped by age, those in late middle age (50 to 64) are most likely to say this. Also, government data show that average household wealth fell by about 20% from 2007 to 2009..."

"According to the report, people who are 55 or older account for a relatively small number of the overall unemployed population. But, once these workers become unemployed, nearly 30 percent remain jobless for a year or longer, the highest rate of any age group.

Similarly, workers who have a post-secondary education are less likely to be unemployed, but once they lose their jobs, they may remain out of work for an extended period. Twenty-one percent of unemployed workers with at least a bachelor’s degree have been out of work for a year or longer, as compared to 27 percent of unemployed workers with high school diplomas and 23 percent of unemployed workers who have less than a high school degree."

RE: Not_Scared | 9:52 a.m. Sept. 4, 2010
"According to the report, people who are 55 or older account for a relatively small number of the overall unemployed population. But, once these workers become unemployed, nearly 30 percent remain jobless for a year or longer, the highest rate of any age group.



Reply: HOLD ON THERE. Question is why is it that people who are 55 or older (the baby boomers) that got laid-off (with the secret excuse that workers comp will raise up because of their age and Health Ins will climb through the roof, and I just like younger worket's), remain jobless for a year or longer, the highest rate of any age group?. It's because when you in your 30's employers just don't want to hire you any more, unless they are really "hard-up" to get a big job out fast. That's why. Not tell the real truth.
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