Whose Unemployed?
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| Wed, 02-11-2004 - 12:42pm |
The weak recovery has led to dramatic increases in long-term unemployment—workers searching for jobs who remain unemployed for 27 or more weeks. Increasingly, it is the most highly educated Americans who are victims of the rise in long-term unemployment.
The figure below shows the percentage increases in long-term unemployment from 2000 to 2003 among people of different education levels. Overall unemployment also increased over the same period, rising from 5.7 million in 2000 to 8.8 million in 2003. The annual level of long-term unemployment was 649,119 in 2000; by 2003, this number had risen to 1.9 million.
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Both the increase in overall unemployment and the increase in the number of long-term unemployed have differed by education level. Total unemployment has increased 40%, 74%, and 95%, respectively, for workers with a high school degree or less, some college education, and a bachelor's degree or more. But long-term unemployment has increased at much greater rates—156%, 259%, and 299% for each educational group, respectively.
In all recessions, the least educated have suffered disproportionately. However, the current recession and weak recovery are unique in the extent to which workers with substantial education are also economic victims.

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My BIL, with a degree,
An interesting statistic came out on the employment figures as well.....while 110,000 jobs were added in January, from November through January the average working day increased by 0.25 hours, which equates to roughly 375,000 jobs....
It looks as though companies are making people work longer hours now, for the same money.....tricky isn't it.
>"It looks as though companies are making people work longer hours now, for the same money.....tricky isn't it."<
You've spoken volumes. Nobody would believe the hours my DH works, plus he has two people
If someone is "unemployed" it's by choice. There are jobs available but noone wants them or feel that it is beneath them to work outside their field. Go back to school for more training. Start a business. Get a job bagging groceries, hell get TWO jobs, just LOOK for jobs and don't sit around on unemployment blaming Bush for your sorry state. The economy isn't going to recover with people sitting around on the govt.'s dime. People need to be responsible for their own financial security, not depend on the govt. to fix their lives.
(Sorry about that, just a little vent.)
It would be interesting to see.
There are many jobs out there that some people would not "lower" themselves to take, and if that is the case, then they have nobody but themselves to blame for not having a job.
I am failry educated, and I would love to be a big wig at a major corporation, but I am not, but I do what I can for my familyt, and if a better opportunity presents itself, I may take it.
Last time I checked, it was not illegal to have one job and look for another one....some people are too proud.
If I needed a job, I would take anything I could get just to make sure I had money coming in to feed my family as best I could.
I guess that's why I have very little sympathy for a lot of people who complain about the unemployment rate (which isn't high at all) and that Bush's responsible for their job loss. Things would be FAR worse if he didn't push his tax cut when he did. With 9-11 and the recession and the 2 wars we've been in...I think the U.S. is in FANTASTIC shape and will only get better.
~W IN04~
the bizarre thing (and this is strictly anecdotal) is that sometimes jobs for 'less-skilled' people are not always available for 'more highly educated' people. i have friends looking for second jobs who have been turned away in retail because they are 'overqualified'.
FYI During WWl & WWll taxes have been increased to pay for the war, not cut. Contrary to other wars spending is being encouraged.
How does this admin. intend to pay for their war on 'terrorism'?
cl-Libraone

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