No jobs

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

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