Friday, June 10, 2011

Obama has made employment worse!

You are doing a GREAT JOB Mr. Obama......NOT!

Federal data shows troubling unemployment, underemployment trends

Published: 1:47 AM 06/10/2011 | Updated: 7:52 AM 06/10/2011 By Neil Munro

Less than half of African-American men now have full-time jobs, and less than half of all white men will have full-time jobs in 2018, according to post-2000 trends hidden in federal population and workforce data.

There are roughly 14 million people formally labeled as unemployed, but “there’s probably 22 million to 23 million people who are unemployed, mal-employed or underemployed,” said Andrew Sum, an economics professor at Northeastern University in Boston.

The hidden data shows that “we’ve got an overwhelming job gap that effects men more than women, less-educated men more then better-educated men, and the group aged 25 to 29 the most,” he said.

One startling result, he said, is that only 43 percent of African-American men aged 18 to 29 have a full-time job.

This trend is obvious to T. Willard Fair, head of the Urban League of Greater Miami. He recently advertised two janitorial jobs via the unemployment office in his local town Liberty City. The city is 85 percent African-American, yet “only 2 of the 33 applicants were African-American,” he said. “The remainder were Hispanics or Haitians.”

(Jobless claims rise, trade gap narrows)

“People want to work, and if they can find jobs, they would take those jobs … [but] blacks are no longer even applying for those kinds of jobs, or have concluded they’re not going to get those jobs,” he said.

There’s recently been a run of bad news about unemployment trends. That’s damaged the White House’s poll ratings, but the federal government’s unemployment estimate — now 9.1 percent — counts only a portion of the nation’s non-working population. That’s because the 9.1 percent counts only people who have sought work in the last four weeks, and have failed to find employment of 35 hours or more per week.

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