From No End in Sight:
It is remarkable that fully two-thirds (67%) of those jobless last August were still jobless this March, and 12% had given up looking for jobs. Since August, the number of job seekers searching for more than seven months rose from 48% to 70%. Over half do not think they will find a new job in the near future even though 73% are willing to take a pay cut and 77% are willing to change careers in order to get a job.From the St. Paul Pioneer Press (twincities.com):
The report suggests that if you're laid off, it's very unlikely you're going to find a job for comparable pay and very unlikely you're going to find a job period — unless demand returns — for a very long time. Among those still unemployed since last August, 60 percent reported being depressed. Additionally, just over half of the workers who found new employment say they accepted a pay cut from what they earned in their previous job.From The New York Post:
Have Americans been changed forever by the Great Recession? Or, are there other explanations as to why -- according to Thrivent Financial/Kiplinger -- 84 percent of the population is now worried about their finances, despite the alleged economic recovery and the fact that between 80 percent (the unofficial unemployment rate) and 90 percent (the official one) of adult Americans still have jobs?From The New York Times:
. . . the results are somewhat discouraging.Somewhat discouraging? Somewhat! If a disease ravaged a large group of people, and a drug to treat the disease was shown to have failed in two thirds of the cases, I doubt if "discouraging" would be modified by "somewhat." It may be "somewhat encouraging" that one-third of the patients responded, but in no way can this figure from the No End in Sight study be portrayed as less than a huge economic failure.
Please download and read the study. It is an eye opener.
No comments:
Post a Comment