80 percent of U.S. Adults face near-Poverty, Unemployment, Survey finds

More and more wealth keeps getting concentrated in the top 10%. This game is rigged for sure. How do the rich keep getting richer when they have to pay so much in taxes? Someone want to explain that one? I say give working class at 30% pay raise and watch the economy sore. But then again that would make too much sense for the top 2% of the greedy bastards to comprehend. It's the American Way of Today. This is free market capitalism managed by some of the best politicians corporate and association money can buy. Corporations are free to perform their fiduciary responsibility to make money for investors. If that is done by hoarding capital, investing in grey market derivatives, and maximizing labor from fewest employees as models of efficient production - then the system is working as it should. Now friends, make sure you stretch and save from your unemployment checks and low-wage mix of 2 and 3 job incomes. You will need it to get an education so you too can be burdened with debt and face challenges of offshoring and automation with grace and dignity.

4 in 5 Americans Face Near Poverty, Unemployment At Some Time

7/29/13 - AP: 4 In 5 In US Face Near Poverty, Unemployment At Some Time - Stuart Varney , Poverty and Joblessness is so common it's not even news anymore. 50 years ago we marched on Washington for equality, jobs, voter rights, and education - we're right back where we started...We have worlds strongest military not protect the citizens, but to protect the interests of the corporations- we saw this on 9/11 - wars are not to protect you or I but of the interests of the corps that have abandoned Americans and are looting and expanding all over the globe.

Unemployment Dips to 8.9 Pct., 192K Jobs Added

Employers in February hired at the fastest pace in almost a year and the unemployment rate fell to 8.9 percent _ a nearly two-year low. (March 4)
Shadowstats....site provides real statistics.
The real number is 20%+
These numbers are bogus....it only counts those receiving benefits - when that runs out - you fall off the stats.

Unemployment Falls to 9.0%, Only 36K New Jobs

The unemployment rate dropped sharply last month to 9 percent, the lowest level in nearly two years. But the economy generated only 36,000 net new jobs, the fewest in four months. (Feb. 4)

American Companies Are Hiring but Overseas!!

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Unemployment Rate Pops Up to 9.8 Percent.

The job market continues to falter. The AP's Mark Hamrick reports that's despite some recent signs of recovery.

Unemployment to Rise?

A look ahead of tomorrow's jobs report.

US unemployment rate may rise to 10%: Moody's

Are the stimulus effects coming to an end ???

Krugman is speaking about the risk of a double dipp recession ...Should the Us follow Europe's path in imposing austerity in order to boost the economy ? ...Gus Faucher, director of macroeconomics at Moody's Economy.com, says the reason for the dip in US unemployment rate in June was because a lot of people have left the labour force. "But I think it is going to head towards 10 per cent by the end of 2010," he says.

Shocking Unemployment Statistics 54% of Under 25 Jobless

This University of Washington Graduate puts it in simple terms " I think that a lot of getting a job these days , sadly is who you know not what you know ..." ...
Official unemployment rates in the United States hover around 10 percent, even though many experts believe the real numbers are much higher. But for young adults in America, the situation is even worse. 54 percent of Americans under the age of 25 are unemployed according to the labor department. It's taking many college graduates over a year to land a steady job, and many are in hundreds of thousands of dollars of debt.

Jobs Report Highlights Shaky U.S. Recovery

By PETER S. GOODMAN
Published: October 2, 2009
After several months in which the American economy flashed tentative signs of improvement, a sobering report on the national job market released on Friday amplified worries that a lengthy period of lean times lay ahead.
The economy shed 263,000 jobs in September, and the unemployment rate edged up to 9.8 percent from 9.7 percent in August, according to the Labor Department’s monthly snapshot of the employment picture.

Though the job market worsened, the pace of deterioration remained markedly slower than during the early months of the year, when roughly 700,000 jobs a month were disappearing. That improvement seems consistent with the widespread belief that the recession has given way to economic growth. Yet the report also buttressed fears that economic expansion would be weak and hesitant, with scarce paychecks and economic anxiety remaining prominent features of American life well into next year.
Full article :

America’s Effective Unemployment Rate at 18.7%?

Steve Clemons
The Washington Note
July 2, 2009
Each month, I receive from Leo Hindery an update on “America’s effective unemployment rate” which includes not only the official unemployment figures but other data points showing off-the-books unemployed or underemployed people.

The numbers are staggering and are aggregates of official data. They matter because various Obama administration officials including the President himself started off calling for huge stimulus packages to help generate “jobs, jobs, jobs!”

But now, I have been hearing more and more from senior Obama economic team members about the jobs they hoped for coming at the very tail end of an economic recovery. Others are talking about a GDP recovery — but not a jobs recovery. They are admitting as well that they underestimated the severity of this recession and its impact on unemployment levels.

And all this while Goldman Sachs and other financial houses have seen their balance sheets get cleaned up and bonuses surge.

Hindery writes:

Here is a June 2009 version of the summary that calculates the Effective Unemployment Rate, which is now 18.70%, and the Effective Number of Unemployed, which is now 30,172,000.

There are currently 14,729,000 officially unemployed workers, as just announced. However, this figure does not include the combined 15,443,000 workers either (1) in the “labor force reserve” because they have abandoned their job searches (i.e., 4,278,000) or (2) underemployed because they are “part-time of necessity” (i.e., 8,989,000) or “otherwise marginally attached” (i.e., 2,176,000).

The effective unemployment rate is therefore 18.70%, instead of the official 9.51%.

Since the start of the recession in December 2007, the number of workers who are officially unemployed has increased by 7,188,000, while almost twice as many workers - 13,290,000 - have become effectively unemployed. And all the while, we should have been creating around 2,250,000 new jobs (i.e., 18 months times 125,000 jobs per month) just to keep up with population growth.

In June, the number of workers officially unemployed increased 218,000, while the number of workers effectively unemployed actually decreased 35,000.

It’s important to see the entire picture of America’s jobs profile — no matter how unpleasant.

I recognize that credit bubble related recoveries are hard to work out and are usually quite slow — with job growth at the back end. This all makes sense — but with Christina Romer out raising expectations again with giddy talk predicting a V-shaped recovery and given the “jobs, jobs, jobs” mantra of President Obama himself — the gap between the job figures expected and the disappointing economic realities generated may be politically consequential.