Workers Not Confident In U.S. Job Market
Survey Finds One-Third Of Americans Say They Don't Earn Enough To Make Ends Meet
-
(CBS/iStockphoto)
-
Interactive On The Job Explore America's labor economy, track recent major layoffs and meet key economic players.
-
Interactive Eye On The Economy In-depth features on U.S. markets, taxes, employment and the Federal Reserve.
When asked whether this is a bad time to find a quality job, 65 percent said it was, matching the level of the 2001 recession, according to the survey by Rutgers University's John J. Heldrich Center for Workforce Development.
With unemployment at 5.7 percent, the highest level since 2004, and weekly unemployment claims hitting a six-year high earlier this month, workers are worried about everything from their weekly hours to their total pay.
As for retirement, many agree with Ray O'Connell, 56, an editor of engineering and computer science journals in New York City. "Won't happen," he said.
The survey found one third of workers said they often don't have enough money to make ends meet.
About one-third of respondents say the amount they owe on credit cards exceeds their retirement savings; another 3 percent say their credit card debt would cancel out their retirement account, according to the random survey of 1,000 people, 587 of whom are in the labor force.
Only half of respondents said they are working the number of hours they want to work and a third say there has been a change in the number of hours they work in the past three months. Eighteen percent were working more hours, and 14 percent worked fewer.
"This is a startling amount of change in a major area of people's lives over a very short period," according to a report on the survey called "The Anxious American Worker."
Nearly a third of respondents believe they are treated less as a person by their employer and more as "just someone who works" at their job.
Still, 91 percent of workers say they're "very" or "somewhat satisfied" with their jobs. A majority of American workers hold favorable attitudes toward their health and retirement benefits (62 percent), the number of hours they work (83 percent), and their annual income (74 percent).
However, only 55 percent of hourly workers are satisfied with their health and medical benefits, compared to 75 percent of salaried workers.
The survey also shows a wide disparity in parents' working hours: women with children at home work an average of 36 hours a week, while men with children at home work 48 hours per week.
Sixty-nine percent of respondents said they saved for retirement beyond their Social Security contributions, while 73 percent contribute to employer-sponsored retirement plans, and 67 percent report contributing to non-employer sponsored retirement plans. These figures are virtually unchanged from when the same questions were asked in 2005, and are down slightly from 2000.
Asked who is responsible for helping laid off workers, only 27 percent said workers were responsible for helping themselves, down from 52 percent in June 2003. Roughly one fifth said the government was responsible and another quarter said employers were responsible. The other options were combinations, such as workers and employers, workers and government, or all three equally were responsible.
The study had a sampling of error of plus or minus 4.2 percent, for workers in the labor force.
© MMVIII The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.
Best-selling author Mitch Albom on his first nonfiction work since "Tuesdays with Morrie."





- 1
- 2
- 3
- 4
... - 6
- next
See all 114 CommentsDo yourself a favor,do not, repeat, do not work for anyone but yourself.
I don''''t care what it is, weather it''''s working on computers, mowing lawns, building furnature in your parents garage, I don''''t care what it is. Just as long it''''s a viable trade, or service. If you follow my advice, you will be rewarded. Yes it will take some extra work, and yes, you might not make as much money in the begining, (later you will make much more than your peers) but at the end, you''''ll be much more happier.
Spoken from a man that knows.
E is for everytime you opened your mouth a lie fell out-
M is for the MONGERING you presented to us on a daily basis. Mongering PRO LIFE, mongering anti guns ANTI HUNTING , anti meat, anti UNITED STATES
O is for the "OHSH1t" after caught-on-tape utteringS
C is for the criers you elicit for sympathy to the masses to vote
R is for the RABID venom that spews from your lippers
A is for the majority of the constituents you represent
T is for the trying times you put the PEOPLE OF THE UNITED STATES through...because of your so-called altrusim as the guise for controlmania.
Put the letters together they spell FEAR MONGERS, SAME AS ANY CULT...FEAR MONGERS.
vote mccain if you want to work at walmart until you''re 85 years old!
If you''re blaming the democratic congress for the state of affairs you''re really searching for a scapegoat to avoid the obvious culprit for our current situation:The Republican Administration.
Oh and Bhappy2 don''t worry even the "ILLEGAL ALIEN INVADER[s]" are having trouble finding jobs. A lot of them are going back to Mexico, which is what the Republicans wanted anyway. I guess they figured they could just destroy the economy that way nobody would want to come here for our jobs.
Oh, their name says it all. DONE NOTHING!
But, do not worry America. If we elect Obama, we will all be poorer and become reliant on Government hand-outs. The Democrats will gladly tax what remains of our industry into oblivion to provide us with welfare checks AS LONG as we keep voting for them.
Meanwhile, both the Great Emperor Bush II and his older clone are busy working on the speeches they will make at the Fascist Nazi RNC next week. It is expected that Rudy "9/11" Guiliani will put the fear of "terrrrrrrrrorists", both real but mostly imaginery, into everyone, followed by the Great Emperor Bush II who will pat himself on the back (no one else will!) for a job well done and "MISSION ACCOMPLISHED".
Next will come McCain who will tell everyone to stop whinning, that the economy is "strong" (so strong IT STINKS!), that jobs are plentiful (IN CHINA!) and corporate America and especially BIG OIL need more tax breaks to ship even more jobs overseas. He will then give an update on how many homes he has discovered that he owns!
SIG HEIL, BUSH!!!!!
sig heil, THE GREAT LANDLORD, McCain!!!!!
--------------------------------------
A number of things come to mind about the job market,
1. In the mid to late 90s the hi-tech jobs were sent out of the US to other countries: IE Mexico, Singapore, China, Phillipines, Hungry, for lower
cost and less pay to the employees there.
2. Clothing line were there but other American manufactures had to place factories over seas to compete in the market place.
3. We the PEOPLE would buy Foreign: Cars, Cloths, Electronics, Pot-pans-dishs, everything, as long at they were cheap and kept $$$ in our pockets to but better toys.
If you must blame Presidents then list Bush1, Clinton, Bush2 in there. Also add congress for approving things like NAFTA. There is enough finger pointing to go around.
Can it be fixed. Most likely. To start lets Cancel H-1B Visa program and Fire Illegal Immigrants and cancel free benefits. Hire our own college graduates and citizens first. Reduce the government mandates that made doing thing here so expensive.
I previously posted that a nation without Integrity is surely doomed to fail. Corporate America has removed the integrity of our nation to gain of wealth and power.
It will get worse before the people rise up but rise up they will, which of course is what the Patriot Act is all about.
INTEGRITY thats what we need folks a little INTEGRITY !
We didn''t let them, they were bought off by the companies, whose pool of money is stronger than our right to vote. That pool can make you richer than you can imagine, and it can also buy assassins for those who don''t cooperate, the Kennedy brothers, John and Robert, come to mind.
The cure will take some serious thought, sacrifice, organization and planning, because it will be a revolution, with real blood in the streets. Those who bought power will never willingly forgo it, it will have to be taken from them.
When it does happen we might find ourselves in a civil war, at odds with our own brethren who are afraid of an unknown future, and will fight to maintain the status quo.
Those who play "divide and conquer" will stir up enmity amongst the opposition, but we must keep our focus on those very people, fight through the barriers they will erect against us, and then make sure that we create a structure that is more tamper resistant than the current one.
The few remaining jobs that are not immediately outsourced to overseas contractors are rapidly being filled by low-paid illegal immigrants right here in the US.
Illegal immigrants in our workforce depress the wages and benefits of ALL American workers.
Until we begin protecting our own workforce here in the US from outsourcing, and until we get a LOT tougher on evicting illegal workers and punishing those businesses that hire them, things will just continue to deteriorate here in the US job market.
Ya think?
- 1
- 2
- 3
- 4
... - 6
- next
See all 114 Comments