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Economy Title: Chronic unemployment worse than Great Depression (O more depressing than FDR) There is an unfortunate adage for the unemployed: The longer folks are out of a job, the longer it takes them to find a new one. CBS News correspondent Ben Tracy reports that the chronically unemployed face the hardest road back to recovery, and that while the jobs picture may be improving statistically on a national level, it is not for them. Tinong Nwachan, for example, has far too much time on his hands. When CBS News met the former truck driver he had been out of work for two years. "I don't really tell too many people this but I'm not ashamed or nothing, I'm homeless," Nwachan said. Summer job bummer: Teen unemployment 24 percent His day job is looking for work at a jobs center in Hollywood. He has plenty of company, including Fabian Lambrecht, who wonders when the economy's improvement will affect them. "They're saying there are more jobs. I'm just wondering where those jobs are," Lambrecht said. About 6.2 million Americans, 45.1 percent of all unemployed workers in this country, have been jobless for more than six months - a higher percentage than during the Great Depression. The bigger the gap on someone's resume, the more questions employers have. "(Employers) think: 'Oh, well, there must be something really wrong with them because they haven't gotten a job in 6 months, a year, 2 years.' But that's not necessarily the case," said Marjorie Gardner-Cruse with the Hollywood Worksource Center. The problem of course is the economy, but some industries, especially certain manufacturing jobs, are not ever expected to come back. Experts say unemployed workers need to be prepared to change careers. "That person has to realize that, discover what field they want to work in, become trained and find a job in that field," said Jerry Nickelsburg, Sr., an economist at UCLA. Here's another problem: more than 1 million of the long-term unemployed have run out of unemployment benefits, leaving them without the money to get new training, buy new clothes, or even get to job interviews. "If you have been unemployed for 6 months or more, it takes a much deeper toll - not just on your personal finances and your career prospects - but on your emotional well-being," said Paul Taylor, an executive vice president with the Pew Research Center. Tinong Nwachan said no matter how hard it's been, he isn't giving up on his search. "I'm taking everything one day at a time. Eventually I know I'm gonna find something," Nwachan said. All he says he's hoping for is a job that will take more of his time, and take him off the streets. Poster Comment: There are a lot of folks who aren't queer or communist enough, to get a job in the hObama administration. The community organizer has turned the Bush recession into the greatest depression ever. That's change, but where's the hope? Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 15. nearly half a million government jobs have been lost in the last 3 years, taxes are at historic lows, and you guys are still complaining?
#8. To: go65 (#5) nearly half a million government jobs have been lost in the last 3 years, taxes are at historic lows, and you guys are still complaining? I say raise taxes on the wealthy. They whine anyway so why not give them something to whine about.
#10. To: lucysmom (#8) I say raise taxes on the wealthy. We did goofy...how's that working out? Sheesh....
#11. To: Badeye (#10) We did goofy...how's that working out? Wha...huh? When Clinton did it - the last one who did - revenues came in stronger than when we cut them...
#15. To: war (#11) The effects of increasing taxes on Treasury receipts can be seen in the Clinton and Democrat-controlled congressional tax increase of 1993, one of the largest in history. Despite a more robust job market following a recession, the 1993 tax increase didn't accomplish what Democrats expected. The tax increases added very little to treasury receipts despite their magnitude. Reports from the Congressional Budget Office, the Office of Management and Budget, and the Internal Revenue Service all agree.
Replies to Comment # 15. Whether they brought in expected revenue or not, those tax increases are history, Badeye is speaking in the present tense.
#17. To: no gnu taxes (#15) Well...we know this is horsehit. Look at both OMB and CBO projections for revenues in 1993 and 1994 and then look at where revenues came in. And don't quote Moonbat articles to me without sourcing them... Thanks...
#23. To: no gnu taxes (#15) The effects of increasing taxes on Treasury receipts can be seen in the Clinton and Democrat-controlled congressional tax increase of 1993, one of the largest in history. Despite a more robust job market following a recession, the 1993 tax increase didn't accomplish what Democrats expected. The tax increases added very little to treasury receipts despite their magnitude. Reports from the Congressional Budget Office, the Office of Management and Budget, and the Internal Revenue Service all agree. There you go again, inserting facts where they clearly are not desired by our leftwingnuts.....(laughing)
End Trace Mode for Comment # 15. Top • Page Up • Full Thread • Page Down • Bottom/Latest |
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