As you can see from this graph, job losses in the current recession are worse than in other recent recessions and are continuing to accelerate at a time when the U.S. economy has already started adding jobs during the past two recessions.
Paul Krugman, who has been arguing for a much larger stimulus package, is very worried:
To see how bad the numbers are, consider this: The administration’s budget proposals, released less than two weeks ago, assumed an average unemployment rate of 8.1 percent for the whole of this year. In reality, unemployment hit that level in February – and it’s rising fast.
Employment has already fallen more in this recession than in the 1981-82 slump, considered the worst since the Great Depression. As a result, Mr. Obama’s promise that his plan will create or save 3.5 million jobs by the end of 2010 looks underwhelming, to say the least. It’s a credible promise – his economists used solidly mainstream estimates of the impacts of tax and spending policies. But 3.5 million jobs almost two years from now isn’t enough in the face of an economy that has already lost 4.4 million jobs, and is losing 600,000 more each month. […]
So here’s the picture that scares me: It’s September 2009, the unemployment rate has passed 9 percent, and despite the early round of stimulus spending it’s still headed up. Mr. Obama finally concedes that a bigger stimulus is needed.
But he can’t get his new plan through Congress because approval for his economic policies has plummeted, partly because his policies are seen to have failed, partly because job-creation policies are conflated in the public mind with deeply unpopular bank bailouts. And as a result, the recession rages on, unchecked.
At MyDD Charles Lemos wonders whether current job losses may become permanent because of the manufacturing sector’s continuing decline.
Only the biggest layoffs make headlines, as when John Deere cut 325 jobs in Dubuque and Davenport last week. But almost all of us have friends or relatives who have lost their jobs in the past six months. Thankfully, none of my recently-unemployed friends are likely to lose their homes, but lots of people aren’t so lucky. Tent cities are booming across the country.
If you are looking for work, read this piece by Teddifish on How to get a job when no one is hiring.
Daily Kos diarist plf515 just found a new job and shared some advice in this diary:
How did I get this job?
I told everyone I was looking for work!
This particular lead came from an announcement I made on SAS-L a mailing list about software that I use. I am a frequent contributor there, someone who has read my work saw my mention, and then forwarded me a link to a job offer. […]
But I didn’t just mention it there. I told everyone. I wrote a diary here; and I joined dkos networking; I announced it on mailing lists; I told my friends; I told former employers; I told the guy who does our dry cleaning; I told EVERYONE. I also left cards advertising my consulting business all over.
Can you find a job in this economy? Well, there are no guarantees. But, if people don’t know you’re looking, they’ll never tell you about any openings.
MyDD user ragekage has specific advice for people pursuing a career in nursing because they think it is a “recession-proof” occupation.
This thread is for any comments about unemployment or helpful advice about finding jobs.
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