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Showing posts with label Job Report. Show all posts
Showing posts with label Job Report. Show all posts

3/13/14

US Economy: Is the Economic Recovery a “Statistical Illusion” ?

Three issues -- unemployment, the economy in general, and dissatisfaction with government -- dominate when Americans name the most important problem facing the nation. Nineteen percent mention unemployment or jobs, 18% say dissatisfaction with government, and 17% the economy in general. Unemployment edged out the other two issues in February, but dropped slightly in March.

In the midst of the federal government shutdown in October 2013, dissatisfaction with government and politicians jumped up to the top of the "most important problem" list. But mentions of dysfunctional government settled back down by February and are now on par with mentions of the economy and unemployment.
In the latest poll, conducted March 6-9, the percentage who cite healthcare dropped to where it was in October, while concerns about the federal budget remained stable for the third month in a row. The percentages mentioning other issues such as education, ethics, and poverty remain at levels similar to February's.

Unemployment, the economy, and the government dominate as Americans' top concerns about the major issues facing the country. Separately, Gallup recently reported that Americans say they worry most about the economy, federal spending, and healthcare when asked to rate their level of worry about 15 issues. Together, these findings confirm that regardless of how the question is asked, the economy and government are the issues that most concern Americans today.

International issues in the news, such as the large-scale protests in Venezuela and the crisis in Ukraine, are currently not major concerns for most Americans. President Barack Obama has pledged to lessen wage gaps and make other measures to combat income inequality, but the public remains more concerned with finding good jobs and lowering the unemployment rate.

Americans Cite Jobs, Economy, Gov't as Top U.S. Problems



3/8/14

US Job Picture: sharp spike in the number of Americans out of work for six months or longer.

For all these bright spots, today’s jobs report also revealed a sharp spike in the number of Americans out of work for six months or longer.

While employers had added 175,000 new jobs in February — better than experts had predicted — unemployment inched higher to 6.7 percent, according to the Bureau of Labor Statistics.

It was fueled by a surge in the number of Americans who have been out of work for more than 27 weeks — the long-term unemployed.

Those 4 million people now make up 37 percent of the unemployed.

Older people are more likely to be among the long-term unemployed. Nearly half of the people between 45 and 54 years of age are unemployed long term.

Sunil Sunder Raj said he’d been out of his health care job since 2007.  “I’m trying every single day,” said Raj, who lives in New Jersey and holds multiple college degrees. “I am down in that [home] office — that’s my dungeon, that’s my war room. I’m looking for a job. There is just no time to slack off.”

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