Long-term jobless see safety net disappear

Carol Gust has been searching for work for almost two years. She landed a few interviews shortly after she was laid off from her manufacturing job in April 2008, but they led nowhere.

[The Rabbi]

MN is screwed. Jobs leave here they do not come here. Gov't has been bribing companies to bring semi-skilled clerical jobs to MN to fool the population there is job growth. The DFL has a fantasy they tell the tax payer that population growth from immigrants is similar to business growth!

[Sandy]

This is a problem of human suffering and not politics.
We must all act with compassion.

[Porkulus]

Lost jobs will not return until 2012 - economist poll

http://www.marketwatch.com/story/lost-jobs-wo...
The 7.2 million jobs lost in the recession won't return until 2012 or beyond, according to a new survey of top business economists released Monday.

Economists surveyed by the National Association for Business Economics said any recovery is likely to be so gradual that these jobs won't return to the labor market for three years.

Less than 8% of the 44 economists surveyed expect to regain the lost jobs before 2012. About 54% expect to see the loss fully reversed by 2012. At the same time, 33% project it will take until 2013 to recover the lost jobs. Five percent say it will take even longer.

Real GDP is expected to advance at a 2.9% pace over the second half of this year and at a moderate 3% pace next year, the survey concluded.

The NABE panel forecast the unemployment rate to rise to 10% in the first quarter of next year and only slip to 9.5% by the end of 2010.

The economists think the Federal Reserve will keep interest rates at record low levels until late next spring, and then will push rates up to 1.0% by the end of the year.

Inflation will remain low, the economists said. Substantial labor market slack will keep wages from rising.

The core index of personal consumption expenditures, the Fed's preferred measure of inflation, to forecast to tick up to 1.5% in 2010 from the 1.4% rate expected this year.

The forecasters think it will take some time for financial markets to return to normal. Almost a third of the panel members believe this will not occur until some time between 2011 and 2013.

The housing market will gather momentum next year and contribute to overall growth for the first year since 2005. House prices are slated for a modest 2%



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Recession: friend loses his job.
Depression: You lose your job.
Recovery: Obama loses his job.

[Sadder but wiser]

Sandy wrote:

This is a problem of human suffering and not politics.
We must all act with compassion.

Where was the compassion when we started outsources our jobs to Mexico; then India, and now the Pacific rim.

The experts almost all preached that the jobs we were shipping overseeas would position us better in a global economy and create more job growth back home.

But hey, we were in the midst of trying to build an great economy on a foundation of sand...every just knew that we were in the NEW economy..all the tried and true rules of business were ignored and forgotten).

As long as CEO and Senior Managment were getting obscene bonuses, that was okay.

And the Unions didn't seem to mind as the Housing Industry seems to be inexhaustible so carpenters, plumbers and other members of the building trades seemed to finding all the work they wanted.

And in Detroit, we kept building bigger and bigger SUVs because of a demand created for them.

And so we built up the infrastructure in third world countries and then shipped our jobs there.

But sadly the job growth here was largely in the service sector-dependent on disposible income.

Then it become time to pay the piper....which is where we are now.

We need manufacturing jobs to anchor business-from these other jobs will flow in a daisy chain effect. You cannot rely solely on a service economy to sustain.

Might be too late, but still we must try something..anything.

[Say When America]

Here is your job prospect:

1. You are way over qualified..........Sorry!

2. You are way under qualified.........Sorry!

3. You have no experience or skill in this position....Sorry!

4. We will not be hiring for another 2-3 years.......Sorry!

5. We've moved operation to India & China to save cash in this tuff economy..........Sorry!

6. You are 1 in 500 to apply for this position.......Sorry!

Sorry......America I can't help but be unemployed for now!

[Ms V]

My companion was laid off in January. Dutifully went to the job service and the library (does not have a home computer) because many places now don't even want you to darken their door unless you have submitted a resume or application online. Even so, he religiously did this as well as still trying to actually go to businesses to apply. Nothing. He finally got called back last month to work for the company that laid him off - but only part-time (24 hrs week) and no benefits. He has reported this to unemployment and of course because he is actually reporting he made some money it confuses them and they don't know how to refigure his benefit amount so they make him fill out more forms and don't give him anything at all, meanwhile the job withholds the first pay period so now we have someone working that has no money. His demographic is 30-40 yoa, some college. I love it when people say there are jobs all over the place because if there are, I sure am not seeing it.

[IrishMN]

The wonderful caring Republi-thugs are blind to the suffering of the real people in this country. They are the onse fighting each and every extension of benefits for the people that are going without health care and without food on the table.

It is just too bad that we could not turn back the clock to the close of the Clinton Administration and elect someone who would not have lead this country down the path of destruction like Bushco did.

Thankfully, we have Mr. Obama to bring us back to life at a time that we really, really need it.

[doomster]

I think a persons shock over being laid off should be well past by the time the unemployment checks run out. 79 weeks is over a year and a half later. I guess you will have to start getting up before ten in the morning to see "The View" on TV and really start to job hunt now that the free money has been burned through.

[Just A Thought]

Not qualified for a position? I have heard that companies hiring for various positions are not getting enough "qualified" applicants. Well here are my thoughts on this. Why doesn't the government offer an incentive to those MN companies, to hire & train a new employee to be successful in the skills they may be lacking in? In my personal experience, I have found, I may have 5 out of the 6 qualifications needed but not all, so I am discouraged to apply to the position. Perhaps companies would take the time to hire & train if they received some type of compensation for it?