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US unemployment a problem to recovery
beanz
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1
8-24-2009 11:04 PM
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tags:
us economy
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/cbfddeec-8f5d-4bca-b9c5-19e8e97abdb9/85FB27CF-28AD-4F15-942E-7F3EB76A0C33/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://seattletimes.nwsource.com/html/jontalton/2009716089_biztaltoncol23.html" href="http://seattletimes.nwsource.com/html/jontalton/2009716089_biztaltoncol23.html" style="font-size: 11px;">seattletimes.nwsource.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009716089_biztaltoncol23.html"><H1>Why U.S. jobs machine is on the blink</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009716089_biztaltoncol23.html"><P class="summary">As economists debate whether the longest recession since the 1930s is coming to an end, the Great American Jobs Machine remains broken. Here are five big reasons.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009716089_biztaltoncol23.html"><P><STRONG>1. Underemployment and long-term unemployment.</STRONG></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009716089_biztaltoncol23.html"><P>Want a job? Get in line because six workers are vying for every opening, according to the Economic Policy Institute.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009716089_biztaltoncol23.html"><P><STRONG>2. Structural changes</STRONG></p> <P><STRONG>in the economy.</STRONG></p> <P>Unlike previous recessions, layoffs are a small sliver of unemployment compared with permanent job eliminations. This points to deep changes going on in the U.S. economy.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009716089_biztaltoncol23.html">3. Younger workers are struggling.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009716089_biztaltoncol23.html"><P><STRONG>4. Government job losses.</STRONG></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009716089_biztaltoncol23.html"><P>Many citizens applaud when politicians say government must tighten its belt, but those cutbacks are adding to unemployment, especially in a downturn that has seen some of the most draconian cuts in decades.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009716089_biztaltoncol23.html"><STRONG>5. No bubbles.</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/jontalton/2009716089_biztaltoncol23.html">Many of the troubles in the American labor market have been festering for years, with roots in educational attainment, industry consolidation </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/85FB27CF-28AD-4F15-942E-7F3EB76A0C33/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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