Wednesday, December 2, 2009

"Extreme unemployment" in NYC

From the Daily News:

The longest recession since World War II has spawned a painful phenomenon.

Nearly 10% of the city's unemployed job hunters have been out of work for two years, says James Parrott, chief economist at the Fiscal Policy Institute.

Economists define long-term unemployment as going more than six months without a job. Two years - that's something else entirely.

"This is extreme unemployment," said Frank Braconi, the city's chief economist.

With unemployed New Yorkers topping 400,000 for the first time in at least 25 years and their average time out of work hitting seven months, extreme unemployment won't soon disappear.


This can't be. Bloomberg promised to create 400,000 jobs, not lose them.

26 comments:

Mr. Angry said...

Yeah, Bloomberg, what a genius he is at saving NYC. Fucking pathetic.

I heard something like 50% of NYer's don't have health insurance or sick days either. Why isn't that on the front page of every paper every day?

Oh yeah that's right, Bloomberg has paid them all off in one way or another to keep their mouths shut.

Mr. Fed Up said...

Oh yeah that's right, Bloomberg has paid them all off in one way or another to keep their mouths shut.

You got that right!

Kevin Walsh said...

The problem is that so many jobs have plain disappeared. They've been outsourced to India or overseas. Manufacturing is no longer done in NYC for the most part. Service jobs in hospitals or health care abound but not everyone has the skills or temperament for that. Used to be you could look in the paper (today it'd be craigslist) and see hundreds of cheap factory jobs. Not real income, but keeps the wolf from the door.

These days, there's no keep the wolf from the door jobs. People out of work are despairing, while those still working are cowed and fearful.

www.forgotten-ny.com

Anonymous said...

I guess we're a lot better than other parts of the country. Thankfully, Bloomberg has kept the economy going.

Gary the Agnostic said...

Ah, the smell of books cooking in the morning...

Anonymous said...

Pretty soon the books will be on fire in the garbage can outside and we'll all be warming our hands by it while we shiver in the cold on the breadline.

primadonna said...

Wait, I thought Bloombucks, the financial genius, was gonna do something about this!!
Liar, liar pants on fire!! Oh wait, his pants could never be on fire.

Can you impeach a mayor?

Anonymous said...

I think it's time to do what a great bartender did.

Homer: Can you believe these pants cost $600?

Moe (Pumping a Shotgun) Hand em over!

Homer: Moe, you're stealing my pants?

Moe: THAT'S RIGHT, I ROB NOW!!!

Anonymous said...

I think it's time to do what a great bartender did.

Homer: Can you believe these pants cost $600?

Moe (Pumping a Shotgun) Hand em over!

Homer: Moe, you're stealing my pants?

Moe: THAT'S RIGHT, I ROB NOW!!!

Anonymous said...

The problem is not a lack of jobs, it's getting connected to those jobs.

When you're unemployed with a strong resume and a Master's degree, it proves that education cannot solve unemployment.

Anonymous said...

Getting a job could be easy, but the jobs out there can you afford to eat is the question. $8.00 - 10.00 an hour jobs are not going to help pay the bills and that my friends is Bloomies speciality. He wants SLAVE labor!!!!! And I agree the people should ban together and find a way to impeach him.

georgetheatheist said...

"Who is John Galt?"

The light was ebbing, and Eddie Willers could not distinguish the bum's face . . .as if the question had been addressed to the causeless uneasiness within him....

He reached hastily into his pocket. The bum had stopped him and asked for a dime . . . Pleas for dimes were so frequent in the streets these days that it was not necessary to listen to explanations . . .

Eddie Willers walked on, wondering why he always felt it . . . this sense of dread without reason . . . there's nothing to fear, just an immense, diffused apprehension, with no source or object . . he could find no explanation for it; yet the bum had spoken as if he knew that Eddie felt it, as if he thought that one should feel it, and more: as if he knew the reason."

- Ayn Rand, ATLAS SHRUGGED, Chapter I, The Theme

Anonymous said...

Well lets be honest:

The reason we are so screwed in America is we hired the dumbest people we could find this decade.

Anyone who could think outside the box was shunned or fired. So now we have whats left of those "professional" management decisions to deal with.

For example we need to get 1000 businesses like Bloomberg to come to NYC. 24/7/365 people working all day long

By offering tax credits for all the employees you hire 2nd 3rd shift weekend holidays. Prime time pricing work 9-5 M-F no tax breaks.

Ever been in Long Island City its a ghost town after 6pm and on weekends tons of free parking

People are scared to think outside the box and that is exactly the type of employees we needed to hire yesterday.

I cant even dj for FREE because its not filthy rap and hip hop music

http://www.myspace.com/zydecodj

Anonymous said...

I love Zydeco as well as bluegrass, celtic music and all forms of folk, roots and traditional music. I've bookmarked your page and will contact you if I know of anyone who needs a dJ.

Good luck.

Auntie Invasion said...

Have you noticed that illegal aliens have jobs, big cars, families and are shopping daily at the mall?

I marvel at the unemployed Americans who feel such concern for illegal immigrants. are they crazy?

American citizens ,with education and experience, are in competition for jobs with illegal immigrants who do not have hs diplomas and who can barely speak English.

what's wrong with this picture?

Sonia said...

i have been unemployed for exactly 7 months this month. I have 2 different resumes out there since I have 2 different qualifications. I finally have an interview on Monday for a per diem position in NJ! It is horrible. Depression and anxiety have set in over the summer and unless I find work I will not be able to pay rent. Unemployment only goes so far and I have more than dipped into my savings :(

Anonymous said...

ask some of those wall street banks if they are willing to part with some of their bonuses since they were a big part of the problem in the first place

Anonymous said...

I'm employed and still can't keep up with the bills. Where is this all heading?

Anonymous said...

We have spend billions in an unnecessary war in Iraq. For the past 8 years almost no money has been invested in the infrastructure in many places across the US. Not much money has been spent in advance education either, I think it has been mostly flat. Most malls and stores are full of people, a lot of tourists. Unfortunately, while other countries in the EU and Asia spend a lot of their money in infrastructure projects, education and healthcare, the US has fall behind. I hope our current government starts changing the winds, but it will take a long time to undo what has been done for the past 8+ years.

Anonymous said...

This was my point above we turn away smart people who can think outside of the box in favor of 20 something Paris Hilton clones.

--------------------------------------
the US has fallen behind.

-Joe said...

General Electric is pushing 300 Rockefeller stagehands out the window as a Christmas bonis.

http://www.broadwayworld.com/article/Rockefeller_Christams_Tree_Lighting_to_be_Grinched_Labor_Strike_to_Threatens_Starry_Event_20091201

Anonymous said...

Hey bloomturd, I guess I'm going to have to bust out my good ol Protocols of the Elder of Zion and see what's your next move.

Anonymous said...

Re: I guess I'm going to have to bust out my good ol Protocols of the Elder of Zion and see what's your next move.

That would only work if you thought the former Czar of Russia knew.

faster340 said...

This picture I believe was from February. I was in this line going to a job fair. I couldn't believe how many people were there. I got up into the area where the recruiters and employers were and there were like 10 companies maybe to 1000's of people that showed up. I just took one look and left and went home and decided to start my own business... http://www.techforce21.com it was a mad house there...

Anonymous said...

government leaders like Obama and Bloomberg can only help private enterprise, if they execute policy that will decrease corporate and small business taxes. they must cut gov.regulations. risk takers must be able to calculate if they can make a profit with their business investment.

gov.has to cut the waste and spiraling taxes.
no employment,
no tax revenue,
no government salary,

only the chaos,that our fed.gov. is forcing on citizens.
marxist....socialism.....

LINDA said...

called chase bank to close an account and i was talking with someone from out of the country!!! all my information comes up and they have my name, address and social security number. makes me sick that this country allows banks to do business this way.. if i open something here in the USA i want to speak with an american citizen! check your labels in your clothes nothing is american anymore, makes me sick!!! create jobs start with in AMERICAN SOIL..