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Old 04-21-2010, 09:52 PM   #1
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Default Forget 10% Unemployment, the Job Loss Pain Number is 54%

70% of American households experiencing serious financial problems, 54% have someone in their household without a job or looking for work.

http://www.businessinsider.com/fully...roblems-2010-4
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Old 04-21-2010, 10:19 PM   #2
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Sounds right to me. I wonder what it would be if they added in people who are hurting due to pay cuts or having to pay more for their families health ins. I know more than one employer who is not only gave pay cuts but at the same time, made employees pay more percent of their own monthly payments on health ins.

Oh and then all the people who lived on OT to make ends meet. They are all hurting.
Or is that the 70% they mention in the end?
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Old 04-21-2010, 10:34 PM   #3
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I know we are hurting. I haven't had a full time permanent job in almost 3 years. The temp jobs help but it's not the same as it was when I worked full time and had benefits.
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Old 04-22-2010, 12:35 AM   #4
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Quote:
Originally Posted by Feather View Post
I know we are hurting. I haven't had a full time permanent job in almost 3 years. The temp jobs help but it's not the same as it was when I worked full time and had benefits.
I hear you. My husband got laid off from a well-known tech company a few years ago when I was staying home with our child, and he struggled to find another job for a long time. Now he's in a contract position at another company that looks like it'll go permanent (keeping fingers crossed!).

I temped 2 years at this other company before finally getting hired as a permanent employee last June, and now they're talking about outsourcing. I'll be lucky to have a job next year.
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Old 04-22-2010, 06:55 AM   #5
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Only a quarter reports receiving a pay raise or a better job in the past year (24%), while almost an equal number say they have been laid off or lost a job (21%).
Read more: http://www.businessinsider.com/fully...#ixzz0lpDHb4ZZ

I fall into both of those categories, so would they count me twice? Or just ignore it as a wash? If the numbers are treated as though each individual has only 1 event per year, the numbers are going to be off.
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Old 04-22-2010, 05:56 PM   #6
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My DH lost his job last summer and finally landed a commission-based position recently. He is doing well (fortunately) so we are catching up on past due bills slowly but surely. I've been unemployed and looking for a new position since January. My adult son is out of work now too and has moved in with us. He's a help around the house but I know he's chomping at the bit to get his own place again.
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Old 04-22-2010, 06:27 PM   #7
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Hey Darian, welcome to This Blue Marble.
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Old 04-23-2010, 12:45 AM   #8
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Thanks Flourbug.
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Old 04-23-2010, 05:59 AM   #9
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I seems to be a world wide event. This is from England. I have read news items with similar endings here in New Zealand where we have the highest youth suicide rate in the world.
"Miss Harrison, who was on £51-a-week Jobseeker's Allowance, finally lowered her sights in a bid to simply earn some money, but even applications for waitressing jobs got nowhere.
She asked supermarkets, including Tesco, for work stacking shelves or at check-ins and visited shops such as WH Smith and McDonald's inquiring in vain about sales positions.
Over the two years after she left college her family estimate she applied for more than 200 jobs.
'In the end it obviously got her down to such a point that she felt she had no future,' said her father, a former joiner.
On March 30 Miss Harrison received yet another rejection, from a nursery, and the next day her father found her dead in the lounge.

Read more: http://www.dailymail.co.uk/news/arti...#ixzz0luoYw5Cs
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Old 04-23-2010, 10:21 AM   #10
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21 yr old.
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Old 05-07-2010, 09:22 PM   #11
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The blue line is shadowstats.com calculation of unemployment in
the US.


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Old 05-09-2010, 06:34 AM   #12
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Another view .


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Old 05-09-2010, 08:06 PM   #13
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If a person loses a high paying job and finally manages to get employment at minimum wage the guvmint says "See, there that's fixed."

It isn't fixed for that person and his dependents and it isn't a sign of a recovering economy either.

OH
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Old 05-09-2010, 09:09 PM   #14
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Even for those of us with good jobs, if there are any raises at all, they are in the 1-3% range at best. Meanwhile, prices on many critical items are going up far, far faster than wages, and our healthcare plans are getting slashed. The result is that even the lucky ones with decent jobs are suffering a steadily deteriorating standard of living.
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