Don’t be fooled by the recent economic data. You wanna know how bad the unemployment problem is? This NY lady is suing her college because she couldn’t find a job after her graduation! Well… it’s a little extreme, but you get an idea how desperate people feel.
Jobless Woman Sues Her College Because She Can’t Find Job http://www.businessinsider.com/henry-blodget-jobless-woman-sues-her-college-because-she-cant-find-job-2009-8
Well, seriously, here are a few reasons why the unemployment problem is so bad:
185,000 workers in the June number were the product of statistical sampling, but could not be verified by the government.
Companies are asking employees to take unpaid leave.
1.4 million unemployed workers weren’t counted because they’re not searching for work.
Part-time employment has doubled to 9 million.
The work week is 48 minutes shorter than when the recession began.
The number of long-term unemployed (4.4 million) is at an all-time high.
There were no wage gains in June.
The goods-producing sector lost over 223,000 jobs just in June.
When business picks up, businesses will just add hours to existing workers, rather than create new jobs.
Old business lines are being eliminated entirely, not shrunk down, decreasing the odds that the unemployed will be able to find work.
From http://www.businessinsider.com/10-reasons-employment-is-worse-than-you-think-2009-7