Tier 5 unemployment benefits: 32,000 jobs created won't help most of the unemployed millions

[Donnachaidh]

http://www.examiner.com/x-27052-Rochester-Unemployment-Examiner~y2010m5d5-Tier-5-unemployment-benefits-32000-jobs-created-wont-help-most-of-the-unemployed-millions

There’s still a relative quiet surrounding Tier 5 (extending maximum state allowed benefits) news and legislation so far this week. Even this site's comment board is rather quiet and traffic has quieted. Maybe everyone needs a break.

While the employment news that’s coming from all angles is mildly positive it’s not nearly as good as it should be considering the government has added over a trillion dollars in stimulus to the economy this past year.

Let’s take a look at the ADP report, which shows that 32,000 private sector (non-government) jobs were created in April. I’m having a tough time finding a report that isn’t terribly slanted toward the rose-colored glasses view, so I’ll just use the most realistic review I can find:

:snip:

There you have it; 32,000 jobs created for 30 million unemployed/underemployed. While it’s certainly better than losing 32,000, it is no more than a drop in the bucket toward what is needed. Friday’s BLS report is suggesting that up to 200,000 jobs will be created in April, but that includes up to 145,000 temporary Census jobs. Work is work and those with Census jobs are likely thrilled to have the opportunity to make a reasonable wage for a few weeks. Unfortunately, many of those jobs will end starting in May. With Census hiring at 600,000, the jobs picture had better brighten quickly to not only employ the 15 million currently unemployed, but the 600,000 new unemployed Census workers. I’m just trying to add a sense of reality to the ADP report.


MORE at the link ---

[dmallind]

1. Have to wait until tomorrow. I suspect more than 32K private sector jobs. NT

[tonysam]

7. LOL!

And 14,000,000 still out of work.

[Name removed]

9. Deleted message

Message removed by moderator. Click here to review the message board rules.

[tonysam]

10. Has everything to do with it. A piddling number of jobs doesn't begin to cut it.

It's lousy out there, but you probably haven't a clue. Some of us know what is going on; we don't have everything invested in Obama.

[dmallind]

11. Yes it DOES begin to cut it. How can job gains do anything else? You want it all in one month?

How? Magic wand?

[tonysam]

12. No, it doesn't even begin. How many fucking months would it take

to compensate for the thirty MILLION unemployed and underemployed?

Jesus H. Christ.

Not to mention there is NO recovery without substantial numbers of jobs being created. 32K is NOTHING. Christ almighty.

[dmallind]

17. It;s better than a loss. BTW (LOL LOL) there WERE more than 32K jobs created

199K more. LOL LOL.

[leveymg]

2. Hard for a lot of people to keep a sense of perspective. The problems dwarf the solutions, so far.

This goes to a business strategy of cutting costs ("maximizing shareholder value") by offshoring jobs that started 35 years ago by the largest multinationals just spread so that practically every job in America, even newspaper copy writing, is now done at overseas affiliates at a fraction of U.S. wages.

What this really has amounted to is a shift of incomes upward, away from middle-class wages and into capital gains for the global investor class.

"How's that unregulated capitalism thingie workin' for ya?"

Now, what do we do about it? There is the Greek approach that hasn't really been tried here.

[proudohioan]

3. I agree with you.....

we have to be realistic about whether we just want to spew positive numbers or actually tackle the gorilla in the room that no one wants to see. Temp work and low wage McJobs are simply not sustainable in the long run.

This kind of "good news" is a mixed bag. It might make us feel better now, but what about the long term?

[Love Bug]

4. I hate to be so cynical, but I'm going to do it anyway

We can't even get the Senate to extend funding for the current level of benefits to the end of the year like the House voted. They continue to dicker with us on a month-to-month basis, allowing funding to expire, causing hardship for many who are then cut off and hardship for states that have to spend their meager resources on the bureaucratic issues involved with dropping then reinstating unemployed workers to the roles.

How can we expect the Senate to even take up the issue of Tier 5 when one member can hold things up so easily? Besides, once the 99ers start exhausting their benefits, the official unemployment rate will drop, allowing the Government to claim things are improving as they thump each other on the back congratulating themselves for the "improved outlook."

I'm so disgusted with the Senate that I wouldn't piss on most of them if they were on fire. It's not so much the Republicans I blame (what can one expect? They are going to act like Republicans) but the DEMOCRATS who are less than worthless. There are a few (like Franken) who are exceptions, but there aren't enough of them to make a difference with the others.

I wish them twice as much as they wish for me.

[ipaint]

6. +1

And with the midterms coming up the last thing the democrats will highlight is the 400,000 americans that will exhaust all benefits a month starting the end of this summer.

The recovery and the numbers will be sexed up and those who disprove them by simply existing will be ignored or accused of being responsible for the situation they are in.


Pure conservative politics a la reagan.

[tonysam]

8. They don't give a shit about us. They are so bought and paid for

it is positively sickening.

It's BAD out here. Some weeks it is almost impossible to find any kind of work available, while other weeks there will be a few.

And I am doing a REGIONAL, not a local, job search.

[lib2DaBone]

5. We are in the Second Leg Down of the great Depression

Spring 1931.. Reactionary Republicans convinced Herbert Hoover that Social Spending is the problem... Hoover makes draconian cuts in all domestic spending and plunges the world into further depression.
------------------------


There can be no recovery until they institute a 1% Trading Tax on Wall Street and a complete ban on derivatives.. especailly CDS traded off the books in secret.

Instead.. what do we get?

"Volker proposes a VAT (national sales tax)
"Obama OK's surge in Afghanistan"
"Republicians and Dems call for cuts to Social Security, Unemployment and Medicare"
"No debate- $33 Billion more in War funding an easy sell"
"Job Bill stalls.. Congress in no Hurry"

[jxnmsdemguy65]

13. Ain't gonna survive with no Tier 5....

please, people, call your Congressfolk to demand action on Tier 5...

[tonysam]

14. Exactly.

It's dire in my neck of the woods. I am going to have to move from Reno to Oregon because I will no longer be able to pay rent and utilities.

There is just nothing of any consequence on the job front.

[hay rick]

15. Job growth and population growth.

Small increases in employment can coexist with continuing increases in underemployment and unemployment. The current population is about 310,000,000 and increases by about 2,500,000 every year. The economy currently offers a little over 150,000,000 jobs. This suggests that new jobs must be provided for about half of the population increase just to maintain current levels of joblessness. That's 100,000 jobs a month. If I recall correctly, I have read elsewhere that the number required to actually increase the employment rate over time is closer to 200,000 jobs a month.

In terms of employment opportunity, our economy is still falling- just not as fast.

[tonysam]

16. +1,000

Thanks for the facts.

[jxnmsdemguy65]

18. That lends a lot of credence to the claim that the three huge crises that we face...

energy, employment, and immigration, are in large part a result of overpopulation.

http://en.wikipedia.org/wiki/Overpopulation

[hay rick]

19. Environmental degradation

is another crisis that traces directly back to overpopulation.