Obamalaise (unemployment, Seattle, state, jobs)

[wutitiz]

Continuing Obamalaise | Liberty Unbound

I see jobs as being to politics as location is to real estate. If you can get a job and start climbing the jobs ladder, you can have a nice life. If not you're going to suffer. Here is a good, brief summary of the US job market. A few highlights:

Originally Posted by liberty

only 162,000 jobs were added in July, far fewer than the 183,000 that had been predicted by various economists. Worse, prior months’ figures were revised downward. Worse yet, average hours worked and average hourly earnings both dropped.

Originally Posted by liberty

Speaking of that, another report points out that of the 953,000 jobs created this year, 731,000 (or 77%) are part-time jobs

Originally Posted by liberty

Only 43.6% of young people [18-29] now have full-time work. And black teen unemployment has now hit an astounding 41.6%. This is up from 36% a year ago.

Things are slowly getting a little better. I posted in the Seattle section about a plot of land near where I live that has been vacant since 2007--a plan to build condos on it was jettisoned. The condos are finally going up. But we are still in very bad shape, by US standards over the last 30 years or so.

[bUU]

And the reality is that there are ways to twist things so that numbers shoot up faster - it is just that that tends to lead to numbers shooting down. Slow and steady wins the race.