Jamesb101.com

commentary on Politics and a little bit of everything else

Why is the Unemployment number going up?

Because private business and state and local government are laying people off…

That’s why….

And it’s due to low demand for services from businesses and cost cutting while state and local governments are cutting THEIR costs also…

The increase in layoffs is a key reason why the U.S. recorded an average of only 21,500 new jobs over the past two months, far below the level needed to bring down unemployment, which now stands at 9.2%.

The cuts also reflect the shifting outlook of employers, many of whom had expected the economy to gain speed as the year progressed. Instead, growth has faltered. If the pace continues to disappoint, more companies will feel pressure to pull back. “Layoffs have played a big role [in weak job growth] over the last few months,” said Mike Montgomery, an economist at IHS Global Insight. “The soft patch is more layoffs and nothing else to pick up the slack.”

More….

From Politicaldog101.Com….

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July 21, 2011 Posted by | Blogs, Breaking News, Government, Home, Media, Other Things, Politics, Polls, Projections, Taxes, The Economy, Women | , | Leave a comment

Higher Unempolyment is one the way……

I saw this story two weeks ago…..

I think I might have mentioned it in a post…..

But the fact this story is another one of those ….You know it’s coming….

Oh, Yea now I remember…

The numbers went lower because the government has hired a lot of people for the census…and those people will leave those jobs starting in July….

Also people who start loking for jobs again (after losing benefits ) and the graduating college students go into the job market…

The media is gonna throw these higher numbers in Obama’s lap….

The GOP probably has their talking points already lined up…..

Unemployment is likely to surge above 10 percent during the next few months as millions of “missing” workers return to the labor market.

This will pose a huge challenge for the Obama administration and congressional Democrats, who want to run in 2010 on the back of a strengthening economy.

Economist Mark Zandi expects the unemployment rate to float above 10 percent during the next few months as workers look to take advantage of improving opportunities.

“The increase in unemployment is a sign of a stronger job market, but it is also a sign of how weak the job market still is and vulnerable the recovery is to anything that might go wrong,” Zandi wrote in an e-mail to The Hill.

“Missing workers” are unemployed people who have stopped collecting benefits and stopped looking for work — thereby dropping off the radar. When they start looking for work again, they get counted as unemployed.

As many as 2.4 million of these workers have yet to return to the labor market, estimates Heidi Shierholz of the Economic Policy Institute. As those workers start searching for jobs, the unemployment rate is likely to tick higher.

In April, 805,000 “missing workers” re-joined the labor pool, causing the unemployment rate to jump to 9.9 percent even as the economy created jobs.

Economists think that trend could build in the coming months.

There’s little doubt the economy is emerging from the “Great Recession” of 2007-08…..

More……..

May 13, 2010 Posted by | Blogs, Breaking News, Counterpoints, Government, Media, Men, PoliticalDog Calls, Politics, The Economy, Updates, Women | , , | 1 Comment