Unemployment up Again Last Month to 9.2 Percent; Now What?
On the first of every month, the “job report numbers” are
reported by the Bureau of Labor Statistics. On July 8 the numbers for June were
released and we read the economy only added 18,000 jobs (see http://www.bls.gov/news.release/pdf/empsit.pdf).
Job numbers like these help no one and certainly don’t stimulate our economy.
Here’s a recap of the June Employment Report:
- The U.S. economy only added 18,000 jobs
in June, the fewest in eight months.
- The private sector added 57,000 jobs, but
government agencies cut 39,000 jobs.
- Unemployment of 9.2 percent last month is the
highest since December.
- The number of unemployed Americans rose to 14.1 million
in June from 13.9 million in June of the previous year.
It was revealed that job growth was even slower than
originally thought. The numbers of job growth are slowing and unemployment is
rising. What are out-of-work Americans to do? Every day in my staffing firm I
talk to out-of-work Americans. I hear and I see how hard many of them are
looking to find work. So many are desperate and will take “anything” just to
have a paycheck.
Whatever happened to our country? Is greed to blame? How
do we get back on track? I listen to economists and think to myself how I’m in
trenches every day. I am a small business owner of a staffing/recruiting firm.
I believe we could get millions of Americans back to work if we just stop
outsourcing our jobs to other countries and bring those jobs that were
outsourced back to the United
States and offer tax credits to the
companies that do.
Americans want to work and work is healthy. The longer
people are out of work the more discouraged and less marketable they become.
It’s hard to believe that it has been two years since we
were told the recession “officially” ended. To many Americans, including me,
it’s hard to believe.