There are no jobs and the economy and job market are not improving. Millions are still unemployed and the ones no longer receiving unemployment benefits have just been dropped off the edge of the earth and are no longer counted. This is a election year so the numbers have to be cooked. College is at present just another way to in debt young people with no way to pay the banks back. While the government does nothing to solve the problem. America has yet to see how bad it's going to get. Just yet until the pro business anti people republicans are back in power.
McDonalds is hiring and Burger King just built a new Restaurant up the road. Things are looking good. Now if I can just buy a house for $200 a month, I am set.
"In some ways, members of the class of 2012 got lucky."
In 'some' ways?! They've been sheltered from the economy throughout the recession. There's no downside to their position. They went in when it started, and are coming out now that it's over. They haven't suffered through any of it. They were completely lucky.
On the other hand, the rest of us have had to struggle and settle for what we could get in the dismal markets of the past four years. People with the experience and education got passed up for the cheap and trainable. While it wasn't impossible to find a job in that market (I did it), it came down to the bare wire for me. I got my current job right before I would've had to have moved back in with my parents - and I was lucky. These kids coming into the market now don't have any clue how good they've got it.
With Boomers retiring, penalty of jobs will become available over the course of the next 7 years.If fact it is a win win situation because the companies will hire at lower starting salaries and most have done away with their traditional pension system!!! Forgot, because of lower costs the stock market should also get a boost and so it's a win win win scenario ...
I guess it's easy to make the best of the current economic situation many of us recent grads were forced into when you're fully employed and have been for quite a while. Anyone who is interested should check out my commentary: http://autonomyandsolidarity.wordpress.com/2012/05/13/unemployment-welcome-to-the-real-world/
The other day, the City Colleges of Chicago, a two-year institute, gloated about graduating some 3,300 student with Associate's Degrees. Mayor Emanuel sang their high praises as well. In June 2011 a scathing report came out about the unpreparedness these students were given the fact that most performed at remedial levels in both math and English. How these students were even allowed to get into college, let alone graduate speaks to a totally diminished acceptance of such abysmal statistics. We no long expect college graduates to have excellence in intelligence, we've reduced our levels of expectation to less than mediocrity. Last year it was revealed that the majority of Detroit residents were functionally illiterate. Given these grim statistics, America hasn't any future with this continuing trends; it has lost its educational way.
"[The unemployment rate] in the first four months of 2011 (9.1 percent), 2010 (8.1 percent) and 2009 (7.8 percent.) For all Americans, the unemployment rate is 8.1 percent."
Hey kids, it's unfortunate but these "journalists" are nothing but Obama-cheerleaders, happily regurgitating Obama's lies to you. The only way Obama could adjust his jobless numbers below double-digits was by IGNORING anyone that's unemployed and fell off the welfare roles because their benefits ran out. Yes, they're STILL unemployed -- Obama just ignores them now (as shown in the stats that the Obama administration puts together... and the leftist media parrots).
If Obama had to use the same "participating labor force" numbers that Clinton and Bush used, Obama's TRUE unemployment rate would be 11% right now. If you use the U6 number (referring to everyone unemployed and UNDERemployed), Obama has an unemployment rate ranging around 15% - 18%. So if things seem dismal, it's not your imagination. It would just be nice if the leftist US media actually did some analysis... instead of just reading from the White House talking points that Obama gives them to obediently recite on demand.
According to the Bureau of Labor and Statistics, or the administration is talking about. As many of our readers already know, the official unemployment rates released monthly by the BLS (U-3, U-6) fail to account for one very key figure - those individuals who are no longer in the labor force. The number of those folks - the ones that don't matter anymore because counting them would hinder the President's reelection bid - is absolutely staggering for what is supposed to be the engine of the global economy and the world's only super power: Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%. n the last year, the civilian population rose by 3,604,000. Yet the labor force only rose by 1,315,000. Those not in the labor force rose by 2,289,000. The Civilian Labor Force fell by 164,000. Those "Not in Labor Force" increased by 310,000. If you are not in the labor force, you are not counted as unemployed. Those "Not in Labor Force" is at a new record high of 87,897,000. Don't be fooled by the fake numbers the Obama Administration gives out. The Hope and Change is just Hype and Blame. If you are an American and care about the future of this country and the children who will be left with this mess than do the right thing and vote this Blamer/Complainer/Campaigner-in-Chief out of office!
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In 'some' ways?! They've been sheltered from the economy throughout the recession. There's no downside to their position. They went in when it started, and are coming out now that it's over. They haven't suffered through any of it. They were completely lucky.
On the other hand, the rest of us have had to struggle and settle for what we could get in the dismal markets of the past four years. People with the experience and education got passed up for the cheap and trainable. While it wasn't impossible to find a job in that market (I did it), it came down to the bare wire for me. I got my current job right before I would've had to have moved back in with my parents - and I was lucky. These kids coming into the market now don't have any clue how good they've got it.
I'm not bitter, though. :-p
http://autonomyandsolidarity.wordpress.com/2012/05/13/unemployment-welcome-to-the-real-world/
Hey kids, it's unfortunate but these "journalists" are nothing but Obama-cheerleaders, happily regurgitating Obama's lies to you. The only way Obama could adjust his jobless numbers below double-digits was by IGNORING anyone that's unemployed and fell off the welfare roles because their benefits ran out. Yes, they're STILL unemployed -- Obama just ignores them now (as shown in the stats that the Obama administration puts together... and the leftist media parrots).
If Obama had to use the same "participating labor force" numbers that Clinton and Bush used, Obama's TRUE unemployment rate would be 11% right now. If you use the U6 number (referring to everyone unemployed and UNDERemployed), Obama has an unemployment rate ranging around 15% - 18%. So if things seem dismal, it's not your imagination. It would just be nice if the leftist US media actually did some analysis... instead of just reading from the White House talking points that Obama gives them to obediently recite on demand.
Don't be fooled by the fake numbers the Obama Administration gives out. The Hope and Change is just Hype and Blame. If you are an American and care about the future of this country and the children who will be left with this mess than do the right thing and vote this Blamer/Complainer/Campaigner-in-Chief out of office!