Joining the Un-Employed Twice in one year

Ladies and Gentlemen,

I have joined once again the numbers of the unemployed in the U.S. again this year.
I had previously been let go dew to a plant closing in Nashville Tennessee. I have been working underemployed for the last few months and have again been layed off for lack of work.


Now searching for a job at the end of the year is far more difficult than looking for work after the first of the year, when employer's are typically looking to hire not just collect a bunch of resumes. Layed off before Thanks Giving, waiting for unemployment to kick in and prospects looking poorer than they ever have been in my life time with no jobs in my field anywhere in the state be advertised. Christmas will be very bleak if it happens at all and forget New Years entirely. This must improve soon. I have been reading online for over two weeks now and still can't find any reason to believe this administration in the White House or the Congress has any real efforts underway to fix the U.S. employment issue.

I watched real time the White house photo op jobs forum on T.V., an apparent waist of time as most in attendance don't or have never created a job, or had real business experience. None of them where in a position to hire anyone. How does that help us?

It doesn't!

What will help, simple basic common sense approaches.

0. Stop Government Spending!
1. Cut out entitlement programs!
2. Stop adding to taxes, cut most of them.
3. Eliminate capital gains taxes.
4. Eliminate the Estate Tax.
5. Reduce payroll tax rates.

These six steps would in an extremely short time create a huge boom of hiring almost from the time you announce these steps to be taken Mr. President. Try doing them and see if they don't turn around the economy.

Copy from foxnew.com
Updated December 04, 2009
Jobless Rate Dips to 10 Percent as Obama Embarks on Multi-City Jobs Tour

If part-time workers who want full time jobs and laid off workers who have given up looking for work are included, the so-called underemployment rate also fell, to 17.2 percent from 17.5 percent in October.

"In the last two or three months people are getting disillusioned," Allentown Mayor Ed Pawlowski, a Democrat, told the Wall Street Journal. "If he's kicking off this tour and nothing of substance comes out of it, it's gonna kill him," he said.

The rate also dropped because fewer people are looking for work. The size of the labor force, which includes the employed and those actively searching for jobs, fell by nearly 100,000, the third straight decline. That indicates more of the unemployed are giving up on looking for work.

The economy has now lost jobs for 23 straight months, but the small decline in November indicates the nation could begin generating jobs soon.

The participation rate, or the percentage of the population employed or looking for work, fell to 65 percent, the lowest since the recession began. Once laid-off people stop hunting for jobs, they are no longer counted in the unemployment rate.

Yet even as layoffs are easing, the slow pace of hiring is causing headaches for political leaders. The employment report comes a day after President Barack Obama hosted a "jobs summit" at the White House, where he told economists, business executives and union leaders that he is "open to every demonstrably good idea" to create jobs.
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Updated December 04, 2009
Job Creation Near But Likely to Be Painfully Slow

Analysts expect the Labor Department will report Friday that employers cut a net total of 130,000 jobs in November, according to a survey by Thomson Reuters. That's an improvement from 190,000 the previous month.

The department is also expected to say the unemployment rate will remain 10.2 percent, the same as in October, a 26-year high.

Two economic reports Thursday gave some economists hope that employers will gear up hiring early next year and that the economy will start adding jobs in the first quarter. But the unemployment rate may still rise well into 2010.

That's because 15.7 million unemployed Americans will also have to compete against a huge number of "underemployed" workers for any new jobs that are created. The government estimates there are another 11.7 million people working fewer hours than they'd like or that have given up looking for work.

Recent productivity gains are "absolutely remarkable and equally unsustainable," said Carl Riccadonna, an economist at Deutsche Bank. Riccadonna also expects hiring to turn positive in the first quarter.

But the unemployment rate is likely to keep rising even if there are modest job gains. Some economists project it could peak near 11 percent next year.

That's partly because the number of job seekers is so high, even compared to previous recessions.

For example, the number of part-time workers who would like full-time work has more than doubled during the recession, to about 9.3 million.

There are another 2.4 million people who would like a job but aren't looking for work, either because they have given up on finding a job or have returned to school. Those people are no longer counted among the unemployed.

When they are combined with the unemployed, the total "underemployment rate" was 17.5 percent last month, the highest since the government began tracking it in 1994.

David Rosenberg, chief economist for Canadian wealth management firm Gluskin Sheff, said the 7 point difference between the jobless rate and underemployment rate is almost double the usual gap. That's an indication of how many more people are likely to be looking for work in coming months.

The unemployment rate is likely to climb as high as 12 percent, Rosenberg said. Those economists who expect it to peak near its current levels are "borderline delusional," he said.

Meanwhile, on Thursday the Institute for Supply Management's service sector index dropped to 48.7 from 50.6 in October. Analysts polled by Thomson Reuters had expected a level of 51.1.

Any reading below 50 signals contraction. The service sector had begun growing in September for the first time in 13 months.

The ISM measure tracks more than 80 percent of the country's economic activity, including such diverse industries as health care, retail, financial services and transportation.

The trade group said employment shrank for the 22nd time in the last 23 months, albeit at a slightly slower pace. Business activity shrank again after growing for the past three months and backlogs contracted. But new orders, a sign of future growth, continued expanding and prices rose.