from SLATE: >Jobless Recoveries Are Here To Stay >At the Atlantic, Derek Thompson pores over the findings of a new (and very >depressing) jobs report whose title asks, "Are Jobless Recoveries the New >Norm?" Short answer: It's looking like it. According to Thompson, the report's >biggest takeaway is that we're "no longer [in] a firing crisis. It's a hiring >crisis." Despite GDP growth, job openings are still at record lows, Thompson >says, and it's probably not going to improve soon. Even when demand does start >to pick up again and businesses do consider expanding, they're more likely to >give current employees more hours rather than take on new people entirely. At >the moment, the average workweek is 33.1 hours—a hair above the all-time low >of 33 hours. Finally, Thompson says, the unemployment rate doesn't distinguish >how long people have been out of a job, meaning that it doesn't take into >account whether somebody has been unemployed for more than 27 weeks—which half >of people currently looking for work have been. This is the biggest change >from previous recessions, which saw firing play a bigger role than lack of >hiring. "During the past three recessions," the Cleveland Fed report says, >"the decline in the job finding rate has been playing a bigger role in >unemployment rate fluctuations. Relative to the change in separations, the job >finding rate changed (declined) much more in the last three episodes."
>Read original story in The Atlantic >[http://www.theatlantic.com/business/archive/2010/03/the-mother-of-all-jobless-recoveries/38004/] > | Thursday, March 25, 2010 < meanwhile, back with the Teabaggers: >Tea Partiers Want a Smaller Government That Creates More Jobs > A new poll of Selzer & Co. of Des Moines, Iowa, found that Tea Party > supporters "want the federal government out of their lives except when it > comes to creating jobs." Most believe that the federal government spends too > much and that it is "trying to control too many aspects of private life," > Bloomberg reported. "They also look to the government in rein in Wall Street, > with almost half saying the government should do something about executive > bonuses." Other than that, there is very little the Tea Partiers agree on. > The poll, of more than 1,000 individuals conducted earlier this week, found > that those who support the Tea Party tend to be older, male, and white; only > about one in every five supporters was under the age of 35. "Many are also > Christian fundamentalists, with 44 percent identifying themselves as > 'born-again,' " Bloomberg reported. >Read original story in Bloomberg >[http://www.bloomberg.com/apps/news?pid=20601087&sid=aLBZwxqgYgwI] | Friday, >March 26, 2010 < -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
