Hope you loved the one you had while you had it, 'murkn, because its gone and it is never coming back.
"Jobless plight growing longer; Millions remain out 6 months, presaging hard US recovery" by Robert Gavin, Globe Staff | September 7, 2009
.... As technology and globalization have accelerated, workers have increasingly suffered permanent job losses due to plant closings, automation, outsourcing, and other circumstances, analysts said - meaning that, for many people, to work again they will have to do something new.
It is WHAT I HAVE been SCREAMING ABOUT for MONTHS and what bloggers have been pointing out for years.
That's not a lost job (implying it could be found); that's a job that was taken from you. This is HOW GLOBALISM BENEFITED YOU, 'murkn!
Like that s*** sandwich, do you?
On this Labor Day, 5 million Americans have been out of work for more than six months, a record number that forecasts a slow, difficult recovery and a long period of high unemployment, according to Northeastern University’s Center for Labor Market Studies.
Nationally, the average bout of unemployment has reached 25 weeks, the longest since the end of World War II, and is likely to increase as the jobless rate goes higher. Most economists expect the national unemployment rate, now 9.7 percent, to top 10 percent before peaking next year.
They can't say period or length, huh?
Has to have a VIOLENT or WAR-LIKE CONNOTATIONS, 'eh, MSM?
The average length of unemployment has also reached 25 weeks in Massachusetts, where the rate hit 8.8 percent in July, according to the center. Economists believe unemployment in the state will surpass 9 percent before peaking next year....
Then THERE IS NO RECOVERY, lying s*** stains!!!!!!!!!!!
In Massachusetts, nearly 60 percent of the unemployed have suffered permanent job losses, the fourth-highest percentage among the 50 states, according to the center. Only Florida, Nevada, and Arizona have higher shares in that category.
High costs have historically made Massachusetts vulnerable to permanent job losses, particularly as technologies mature and products can be produced in less costly areas, encouraging companies to shift jobs elsewhere. The cycle has been repeated among industries from textiles to shoes to software, and has accelerated during economic downturns....
Oh, so the BIOTECHS and the GREEN LOOTERS were a BAD INVESTMENT, 'eh, Bay-Stater?
And THIS is a PATTERN of HISTORY, 'murkn?!
THAT out to TELL YOU SOMETHING about BUSINESS and your LEADERS!!!!!!!
The danger of long-term unemployment is that it feeds on itself, said Andrew Sum, director of the Center for Labor Market Studies. The longer workers are unemployed, the harder it is for them to become reemployed. Skills atrophy and firms begin to see extended joblessness as a sign of “damaged goods,’’ Sum said.
Oh, so I'm DAMAGED GOODS now, huh? That sure would explain the lack of calls.
That, in turn, contributes to higher, more persistent unemployment that can embed itself in an economy.
“This is the dilemma we’re in,’’ said Sum. “We have this surge in unemployment, no vacancies, and no job creation. We used to take pride in the short duration of unemployment in this country, but that’s no longer true.’’
But it's YOUR FAULT you are unemployed, workers!
Nearly 52 percent of the nation’s unemployed have lost jobs permanently, either through layoffs or the end of temporary assignments, according to the Center for Labor Market Studies. That’s the largest share since the Labor Department began tracking that segment in 1994. US employers have slashed nearly 6 million jobs over the past year, while the national unemployment rate has jumped 3.5 percentage points.
The surge in permanent job losses underscores the need for the federal government to dramatically increase funding to training programs that teach new skills, said the center’s Sum....“If you have no job to go back to, you become long-term unemployed,’’ said Sum. “So many need retraining and retooling.’’
To DO WHAT? There are NO JOBS!!!!!!!!
And let me introduce you to some people whose stories seem all too familiar:
Dolphon Edwards, 57, of Dorchester, has not worked since June 2008, when a temporary manufacturing job ended after five months. It was the last in a string of temp jobs he had held since getting laid off from electronics equipment maker Teradyne Inc., of North Reading. He worked there for 25 years.
Edwards, who is divorced, recently had to move in with relatives. He has nearly burned through his savings, including his 401(k) retirement account.
Have I ever BEEN THERE, done that!
Living off the last of it now as I get rejected all over the area.
He has studied electronics engineering at Wentworth Institute of Technology in Boston and is certified in high-tech manufacturing processes. Each day, he goes to a state career center to search listings. He is in regular contact with three temp agencies. Still, nothing.
Looking in the wrong place, guy: Racing to Raytheon
State still couldn't help him, huh?
Talk about a war economy and military-industrial media!
“You do all the right things,’’ Edwards said. “You get education, you get skills, you go out looking for work, and nothing turns up. It’s very frustrating. It’s very depressing.’’
Am there!
Edwards’s experience reflects the changing nature of joblessness in the United States. At one time, laid-off workers would return to their old jobs once the economy revived, allowing policy makers to increase employment by revving up the economy with lower interest rates and taxes....
See: The Boston Globe's Unemployable Insults
“It’s not just lose a job, go find another one,’’ said John Silvia, chief economist at Wells Fargo & Co. in Charlotte, N.C. “The old jobs and the old locations are not coming back. That’s not going to be solved by a stimulus program.’’
Related: Stimulating Sophistry
Here is another fella whose story rings a bell:
Bob LaMotte had worked at the same technology company for 21 years, and didn’t even have a résumé when he was laid off last September from his job as a sales manager. Since then, LaMotte, an engineer by training, has scoured job listings, sent out résumés, reached out to old business contacts, and joined a networking group. A year later, he’s still looking.
“Traditional job search methods are getting overwhelmed,’’ he said. “It’s like musical chairs, except they take away your job and the music never starts up again.’’
--more--"Related: The Boston Sunday Globe Says Job Loss is a Good Thing
Highest Unemployment in 25 Years a Good Thing
The End of Unemployment
Out-of-Work Americans Killed Economic Recovery
The Thrill of the Job Hunt
The Boston Globe Says Trash-Picking is a Career
Final Insults: Job Market
