Need a job? How about a job that pays the bills? These questions no longer apply to isolated parts of the country that have faced natural disasters or workers displaced by ENRON-type white collar criminal activity. In America, finding substantive work and keeping it has now become a national question of importance to everyone. For a growing number of people, the answer from the business world to the question of employment has been, “We are
not hiring at this time.”
As reported by Chris Stirewalt on Fox News, the argument for saying America is not in a recession because we have stopped having three sequential quarters of negative growth becomes moot when every quarter’s growth is so small that it cannot improve the economy. The truth is that America’s economy, and its subsequent lack of job growth, is like a heavy anchor dragging the bottom of the deepest ocean. Now imagine the American worker strapped to that anchor, and the mental image is complete.
As Shaila Dewan writes in The New York Times, we see that the most recent reports show the unemployment rate at 9.1 percent. These numbers are scary enough, but they fail to show just how bad unemployment really is. Given America’s current economic dilemma, the percentages of the unemployed whom people read about in newspapers
and hear discussed on the television should be more accurately described as “nice scenario” numbers, because “true unemployment” numbers are much, much higher. In reality, unemployment figures for Americans are at least double of those reported: more and more people continue to run out of Obama’s extended unemployment benefits and no longer qualify to stay on the rolls; others are tired of looking for jobs that don’t exist and simply abandon the job hunt and go home to stare at their sofa cushions. People who have fallen off the official
count of the unemployed are not the only means by which the current employment numbers in America are being obscured; there are also the Obama “fantasy employment numbers.” read more »